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Taxation (Bright-line Test for Residential Land) Bill

This Bill introduces amendments to the Income Tax Act 2007 and the Tax Administration Act 1994. The policy of the Bill is to improve compliance with the current land sale rules in the Income Tax Act 2007.

Bill information

Bill History

This Bill introduces amendments to the Income Tax Act 2007 and the Tax Administration Act 1994. The policy of the Bill is to improve compliance with the current land sale rules in the Income Tax Act 2007.
Member in charge: Hon Todd McClay
Type of bill: Government
Parliament: 51
Bill no: 59-2
Introduction: 24/8/15
First reading: 8/9/15
Referred to: Finance and Expenditure Committee
Submissions due: 17/9/15
SC report(s): 20/10/15
Second reading: 3/11/15
Supplementary Order Paper(s): 138, 139
Committee of the whole House: 10/11/15
Third reading: 12/11/15
Royal assent: 16/11/15
Act: Taxation (Bright-line Test for Residential Land) Act 2015 (15/111)