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Second Reading Speeches

Income Tax Rates Amendment (Research and Development) Bill 2010

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Not Proceeding
Parliament no
42

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Summary

Introduced with the Tax Laws Amendment (Research and Development) Bill 2010, the bill amends the

Income Tax Rates Act 1986
to provide that the rate of additional income tax payable on all or part of a recoupment for research and development activities is 10 per cent.