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01 Oct 1967

Land and Income Tax (Annual) Act 1967

Archived legislative commentary on the Land and Income Tax (Annual) Act 1967 from PIB vol 42 Sep/Oct 1967.

This commentary item was published in Public Information Bulletin Volume 42, September/October 1967

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Land and Income Tax (Annual) Act 1967

Tax Rates

Sections 2, 3, 4 and 5 fix the rates of land tax, ordinary and social security income tax, excess retention tax and bonus issue tax for the year commencing 1 April 1967. The 10 percent - maximum $200 - ordinary income tax rebate for individuals and the land tax rebate of 50 percent of the tax assessed, continue.