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Taxation (Research and Development Tax Credits) Bill

Government Bill
Published date: 05 Jul 2024

Bills are proposals to make a new law or to change an existing one. Only Parliament can pass a bill. Each bill goes through several stages, giving MPs and the public the chance to have their say.

This bill amends the Income Tax Act 2007 and the Tax Administration Act 1994 to introduce a research and development tax credit to incentivise businesses to perform research and development.
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MP in charge
Hon Dr Megan Woods
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Committee
Finance and Expenditure
confirmation_number Bill No.108-3
account_balance52Parliament
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Read the bill

Link to NZ Legislation website

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Amendment Papers

Link to NZ Legislation website

Progress of the Bill

Details
today

Assented on 06 May 2019

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Act: Taxation (Research and Development Tax Credits) Act 2019

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Royal Assent

The Governor-General formally signs the bill into law.

Resources

  • Member(s) in charge: Hon Dr Megan Woods
    Type of Bill: Government
    Parliament: 52
    Bill no: 108-3
    Introduction: 24 Oct 2018
    First reading agreed: 01 Nov 2018
    Referred to: Finance and Expenditure
    Submissions due: 13 Dec 2018
    Select Committee Report(s): Taxation (Research and Development Tax Credits) Bill - 02 Apr 2019
    Second reading agreed: 11 Apr 2019
    Committee of the whole House concluded: 30 Apr 2019
    Third reading agreed: 02 May 2019
    Royal assent: 06 May 2019
    Act: Taxation (Research and Development Tax Credits) Act 2019

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