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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.
64 ayes (supporters)
43 noes (opposers)
Motion agreed to; Motion agreed to.
|Bill||Taxation (Income Tax Rate and Other Amendments) Bill|
|Vote date||2 December 2020|
|Reason||A party vote was called for on the question, That the Taxation (Income Tax Rate and Other Amendments) Bill be now read a first time.|
|Outcome||Motion agreed to.|
|Vote type||Party vote|
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Image of David Parker: Public domain (United States Embassy, New Zealand / Department of State)