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TOTAL RESULTS: 277

• Tax Laws Amendment (Personal Income Tax Reduction) Bill 2008

  Track (What's this?)

  Date

  14 Feb 2008 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Rates Act 1986

  to increase the threshold for the 30 per cent marginal tax rate (from 1 July 2008) and phase-in a decrease to the 40 per cent marginal tax rate commencing 1 July 2009;

  Income Tax Assessment Act 1936

  to increase the maximum amount of low income tax offset; and

  Medicare Levy Act 1986

  to increase the income threshold that applies to taxpayers who are eligible for the senior Australians tax offset. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Political Contributions and Gifts) Bill 2010

  Track (What's this?)

  Date

  27 Aug 2008 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the:

  Income Tax Assessment Act 1936

  and

  Income Tax Assessment Act 1997

  to remove tax deductibility for contributions and gifts to political parties, independent members and independent candidates; and

  A New Tax System (Goods and Services Tax) Act 1999

  to make consequential amendments to ensure political parties, independent members and independent candidates continue to access goods and services tax concessions. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Public Benefit Test) Bill 2010

  Track (What's this?)

  Date

  13 May 2010 

  Chamber

  Senate 

  Status

  Not Proceeding 

  Sponsor

  XENOPHON, Sen Nick 

  Summary

  Amends the

  Income Tax Assessment Act 1997

  to require that, in order to receive exemption from income tax, the aims and activities of religious and charitable institutions must be assessed against a public benefit test. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Resale Royalty Right for Visual Artists) Bill 2009

  Track (What's this?)

  Date

  16 Sep 2009 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Complementary to the Resale Royalty Right for Visual Artists Bill 2009, the bill amends the

  Income Tax Assessment Act 1997

  ,

  Income Tax (Transitional Provisions) Act 1997

  and

  Taxation Administration Act 1953

  to provide that the resale royalty collecting society is not taxed on amounts it collects on behalf of resale royalty right owners. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Research and Development) Bill 2010

  Track (What's this?)

  Date

  13 May 2010 

  Chamber

  House of Representatives 

  Status

  Not Proceeding 

  Portfolio

  Treasury 

  Summary

  Introduced with the Income Tax Rates Amendment (Research and Development) Bill 2010, the bill amends the:

  Income Tax Assessment Act 1997

  to replace the existing research and development (R&D) tax concession with a 45 per cent refundable R&D tax offset for eligible entities with a turnover of less than $20 million, and a non-refundable 40 per cent R&D tax offset for all other eligible entities;

  Industry Research and Development Act 1986

  to set out the role of Innovation Australia in relation to the administration of the R&D tax offset; and

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  ,

  Income Tax (Transitional Provisions) Act 1997

  and

  Taxation Administration Act 1953

  to make consequential amendments. Also contains application, savings and transitional provisions. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Research and Development) Bill 2011

  Track (What's this?)

  Date

  30 Sep 2010 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Introduced with the Income Tax Rates Amendment (Research and Development) Bill 2010, the bill amends the:

  Income Tax Assessment Act 1997

  to replace the existing research and development (R&D) tax concession with a 45 per cent refundable R&D tax offset for eligible entities with a turnover of less than $20 million, and a non-refundable 40 per cent R&D tax offset for all other eligible entities;

  Industry Research and Development Act 1986

  to set out the role of Innovation Australia in relation to the administration of the R&D tax offset; and

  Income Tax Assessment Act 1936

  ,

  Income Tax Assessment Act 1997

  ,

  Income Tax (Transitional Provisions) Act 1997

  and

  Taxation Administration Act 1953

  to make consequential amendments. Also contains application, savings and transitional provisions. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Retirement Villages) Bill 2004

  Track (What's this?)

  Date

  18 Nov 2004 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  A New Tax System (Goods and Services Tax) Act 1999

  to: ensure that residents of serviced apartments in retirement villages receive GST-free supplies of accommodation and care services; and ensure that charities that operate retirement villages are able to supply GST-free accommodation, accommodation related services and meals to residents. Also contains application provisions. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Simplified GST Accounting) Bill 2007

  Track (What's this?)

  Date

  13 Jun 2007 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Amends the

  A New Tax System (Goods and Services Tax) Act 1999

  to extend simplified goods and services tax accounting methods to small businesses and other entities with an annual turnover of less than $2 million. 

  Bill | Explanatory Memorandum

• Tax Laws Amendment (Simplified Superannuation) Bill 2007

  Track (What's this?)

  Date

  07 Dec 2006 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  Summary

  Part of a package of six bills to reform the superannuation system, the bill amends the taxation and superannuation laws to: implement a simplified and streamlined superannuation system; and rewrite and consolidate superannuation taxation law into the

  Income Tax Assessment Act 1997

  . Also enables Australians aged 60 or over to access their superannuation benefits tax free if they are paid from a taxed superannuation fund. 

  Bill | Explanatory Memorandum

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

  Track (What's this?)

  Date

  19 Mar 2009 

  Chamber

  House of Representatives 

  Status

  Act 

  Portfolio

  Treasury 

  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. 

  Bill | Explanatory Memorandum