Taxation (Income Tax Rate and Other Amendments) Bill

About this bill

This bill introduces amendments to the Income Tax Act 2007 and the Tax Administration Act 1994 to introduce a new top personal income tax rate of 39% on annual income that exceeds $180,000, and set the minimum family tax credit threshold for the 2020-21 and later tax years.

Current status

Royal Assent given 07 December 2020.
Enacted as the Taxation (Income Tax Rate and Other Amendments) Act 2020 (2020/65)

Member of Parliament responsible
Bill type

Government bill

All data
Bill type Government bill
Parliament 53
Ref 2-1
Introduced 1 December 2020
First reading 2 December 2020
Second reading 2 December 2020
Committee of the whole House 2 December 2020
Third reading 2 December 2020
Royal Assent 7 December 2020
Enacted as Taxation (Income Tax Rate and Other Amendments) Act 2020 (2020/65)
Divided No

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Image of David Parker: Public domain (United States Embassy, New Zealand / Department of State)