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Taxation (Annual Rates for 2020-21, Feasibility Expenditure, and Remedial Matters) Bill

This taxation omnibus bill sets the annual rates of income tax for the 2020-21 tax year, and has a number of proposals aimed at improving current tax settings within a broad-base, low-rate framework and modernising and improving settings for tax administration, the GST regime, KiwiSaver, and social policy rules administered by Inland Revenue.

Bill information

Progress of the bill

What do the symbols mean?

In: Bill Introduced: The bill is made available for the House to consider. 1: First Reading: MPs debate and vote on the bill. If successful, it is usually sent to a select committee. SC: Select Committee: The select committee gathers information and prepares a report on the bill for the House, including recommending changes to the bill. 2: Second Reading: The House debates the select committee report and votes on the bill. CH: Committee of Whole House: MPs consider the bill in detail and vote on proposed changes. 3: Third Reading: Final debate and vote. If successful, the bill has been passed. RA: Royal Assent: Bill signed by Governor-General and becomes an Act. No code: Fail/Withdrawn: A bill fails if the vote is lost at first, second, or third reading. The member in charge of a bill may withdraw it. _________________________________________________ Note: this simple progress display does not cover all possible stages for a particular bill. Where a date is shown in brackets, this means the debate has been interrupted. See the Bill History content for more details.

In Bill
Introduced
04/06/20
1 First
Reading
24/06/20
SC Select
Committee
2 Second
Reading
CH Committee of
whole House
3 Third
Reading
RA Royal
Assent

Bill History

This taxation omnibus bill sets the annual rates of income tax for the 2020-21 tax year, and has a number of proposals aimed at improving current tax settings within a broad-base, low-rate framework and modernising and improving settings for tax administration, the GST regime, KiwiSaver, and social policy rules administered by Inland Revenue.
Member in charge: Hon Stuart Nash
Type of Bill: Government
Parliament: 52
Bill no: 273-1
Introduction: 04 Jun 2020
First reading: 24 Jun 2020
Referred to: Finance and Expenditure Committee
Report due: 24 Dec 2020
Submissions due: 12 Aug 2020
Supplementary Order Paper(s): 510