This omnibus taxation bill sets the annual rates of income tax for the 2020-21 tax year, and has a number of proposals aimed at improving current tax settings within a broad-base, low-rate framework and modernising and improving settings for tax administration, the GST regime, KiwiSaver, and social policy rules administered by Inland Revenue.
Royal Assent given 30 March 2021.
Enacted as the Taxation (Annual Rates for 2020-21, Feasibility Expenditure, and Remedial Matters) Act 2021 (2021/8)
Government bill
Passed by a majority of 30 votes (75 ayes, 45 noes, 0 abstentions)
Passed by a majority of 30 votes (75 ayes, 45 noes, 0 abstentions)
Passed by a majority of 13 votes (63 ayes, 50 noes, 0 abstentions)
Bill type | Government bill |
---|---|
Parliament | 53 |
Ref | 273-2 |
Introduced | 4 June 2020 |
First reading | 24 June 2020 |
Select Committee | Finance and Expenditure Committee |
Public submissions due | 12 August 2020 |
Select Committee report back | 4 March 2021 |
Second reading | 11 March 2021 |
Committee of the whole House | 23 March 2021 |
Third reading | 23 March 2021 |
Royal Assent | 30 March 2021 |
Enacted as | Taxation (Annual Rates for 2020-21, Feasibility Expenditure, and Remedial Matters) Act 2021 (2021/8) |
Divided | No |
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Image of David Parker: Public domain (United States Embassy, New Zealand / Department of State)