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

Schedule 5   Enhancing the integrity of the R&D Tax Incentive

Part 1   Schemes to reduce income tax

Income Tax Assessment Act 1936

6   After paragraph 177C(3)(cb)

Insert:

or (cc) the allowance of a refundable R&D tax offset, or a non-refundable R&D tax offset, to a taxpayer;