Land Tax Amendment Bill 2003 (Qld)

Queensland

LAND TAX AMENDMENT BILL 2003

Queensland

LAND TAX AMENDMENT BILL 2003

TABLE OF PROVISIONS

Section Page 1 Short title. 2... eee eens 4 2 Commencement. ......... 0... eee eee eee eee eens 4 3 Act amended ...... 0... 00. ec cee eens 4 4 Amendment of s 9A (Rebates) 1.2.2... 000.0: cece eee eee eee 4 5 Amendment of s 11 (Taxable value) ........... 000... c eee eee eee eee 4 6 Amendment of s 13 (Land exempted from tax) .................0000. 4 7 Amendment of s 16 (Taxpayer to furnish returns) .................00. 5 8 Amendment of s 18 (Assessments, assessment registers, and notice) ..... 5 9 Replacement of s 62 (Application of certain amendments) ............. 5

62 Application of particular amendments. ................0..0005 5

A BILL FOR

An Act to amend the Land Tax Act 1915

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s1 4 Land Tax Amendment Bill 2003

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The Parliament of Queensland enacts—

1 Short title This Act may be cited as the Land Tax Amendment Act 2003.

2 Commencement

This Act is taken to have commenced on 1 July 2003.

3. Act amended This Act amends the Land Tax Act 1915.

4 Amendment of s 9A (Rebates) (1) Section 9A(2) and (3), '$150 000'— omit, insert— "$170 000'. (2) Section 9A(2), '$215 000'— omit, insert— "$235 000'.

5 Amendment of s 11 (Taxable value) Section 11(4), '$200 000'— omit, insert— "$220 000'.

6 Amendment of s 13 (Land exempted from tax) Section 13(1)(i) to (k), '$150 000'— omit, insert— "$170 000'.

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wmaranrnwn 21 Clause

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s7 5 s9 Land Tax Amendment Bill 2003

7 Amendment of s 16 (Taxpayer to furnish returns) (1) Section 16(1)(a), '$150 000'— omit, insert— "$170 000'. (2) Section 16(1)(b)Gi)— omit, insert—

'(ii) for a financial year beginning on or after 1 July 1999 but before 1 July 2003—-$221 665 or more; or

(ii) for a financial year beginning on or after 1 July 2003—$275 997 or more;'.