Tax Laws Amendment (Small Business and General Business Tax Break) Bill 2009

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
42

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Summary

Amends the Income Tax Assessment Act 1997 to provide for a temporary bonus income tax deduction for new investment in tangible depreciating assets undertaken between 13 December 2008 and 31 December 2009.

Progress

House of Representatives
Introduced and read a first time 19 Mar 2009
Second reading moved 19 Mar 2009
Second reading debate 13 May 2009
Second reading agreed to 13 May 2009
Consideration in detail debate
  • Amendment details: 4 Government agreed to
13 May 2009
Third reading agreed to 13 May 2009
Senate
Introduced and read a first time 14 May 2009
Second reading moved 14 May 2009
Second reading agreed to 14 May 2009
Third reading agreed to 14 May 2009
Text of bill as passed both Houses 14 May 2009
Assent
  • Act no.: 31
  • Year: 2009
22 May 2009

Documents and transcripts

Text of bill

Explanatory memoranda

Proposed amendments

House of representatives

Schedules of amendments

No documents at present

Bills digest

Notes

Helpful information

Text of bill

  • First reading: Text of the bill as introduced into the Parliament
  • Third reading: Prepared if the bill is amended by the house in which it was introduced. This version of the bill is then considered by the second house.
  • As passed by both houses: Final text of bill agreed to by both the House of Representatives and the Senate which is presented to the Governor-General for assent.

Explanatory memoranda

  • Explanatory memorandum: Accompanies and provides an explanation of the content of the introduced version (first reading) of the bill.
  • Supplementary explanatory memorandum: Accompanies and explains amendments proposed by the government to the bill.
  • Revised explanatory memorandum: Accompanies and explains the amended version (third reading) of the bill. It supersedes the explanatory memorandum.

Proposed amendments

Circulated by members and senators when they propose to make changes to the bill. For details about the outcome of proposed amendments please refer to either the Votes and Proceedings (House of Representatives) or the Journals (Senate).

Schedules of amendments

Schedules of amendments list amendments agreed to by the second house are communicated to the first house for consideration. Subsequent action by either house may also be included in a schedule.

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