Taxation (Income Tax Rate and Other Amendments) Bill
Government 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.
Act text: Taxation (Income Tax Rate and Other Amendments) Act 2020 (legislation.govt.nz)
Voting method
Party voting: Parties decided whether or not to support this bill and cast votes on behalf of all their MPs.Procedural notes
- Urgency used: This bill was progressed through one or more stages using urgency. Urgency allows the Government to fast-track the legislative process by extending the sitting hours of the House of Representatives and skipping the select committee stage of a bill, and allows bills to pass through more than one stage per sitting day.
Learn more about urgency
Read the bill
Bill text: Taxation (Income Tax Rate and Other Amendments) Bill (legislation.govt.nz)Act text: Taxation (Income Tax Rate and Other Amendments) Act 2020 (legislation.govt.nz)
Member responsible
Progress
Enacted
This Bill has been passed by Parliament, and signed into law by the Governor-General in a step called Royal Assent. This doesn't mean that everything the Act implements has come into force yet, but it does mean that the Act is on the statute books.
Votes
Only reading votes are shown here; these votes determine whether the Bill progresses through Parliament. Other votes, such as votes on whether to amend parts of the Bill, can be seen in Hansard.
Bill details last synced with the Parliament website over 2 years ago.
(23 March 2023 at 00:02 GMT+00:00)