Treasury Laws Amendment (A Tax Plan for the COVID-19 Economic Recovery) Act 2020 (92 of 2020)

Schedule 4   Enhancing the R&D Tax Incentive

Income Tax Assessment Act 1997

4   Subsection 355-100(1) (cell at table item 1, column headed "The percentage is:")

Repeal the cell, substitute:

the R&D entity's *corporate tax rate for the income year, plus 18.5 percentage points