INCOME TAX (BEARER DEBENTURES) ACT 1971
SECTION 7
TEMPORARY BUDGET REPAIR LEVY
7(1)
This section applies to amounts of interest paid or credited in a temporary budget repair levy year.
7(2)
Increase the rate of tax mentioned in section 6 by 2 percentage points.
7(3)
In this section:
This section applies to amounts of interest paid or credited in a temporary budget repair levy year.
7(2)
Increase the rate of tax mentioned in section 6 by 2 percentage points.
7(3)
In this section:
temporary budget repair levy year
has the same meaning as in section
4-11
of the
Income Tax (Transitional Provisions) Act 1997
.
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