Tax Law Improvement Act (No. 1) 1998 (46 of 1998)
7 Environment (new Division 400)
3 Consequential amendment of the Income Tax Assessment Act 1936
12 Before subsection 82BB(1)
Insert:
(1A) This section does not allow a deduction for the 1998-99 year of income or a later year of income.
Note: Subdivision 400-A of the Income Tax Assessment Act 1997 allows deductions for the 1998-99 year of income and later years of income for allowable environmental impact expenditure.
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