Land and Income Assessment Amendment Act 1913
Land and Income Assessment Amendment Act 1913
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Land and Income Assessment Amendment Act 1913
Land and Income Assessment Amendment Act 1913
Public Act |
1913 No 13 |
|
Date of assent |
10 October 1913 |
|
Contents
An Act to amend the Land and Income Assessment Act, 1908
BE IT ENACTED by the General Assembly of New Zealand in Parliament assembled, and by the authority of the same, as follows:—
1 Short Title.
This Act may be cited as the Land and Income Assessment Amendment Act, 1913, and shall form part of and be read together with the Land and Income Assessment Act, 1908 (hereinafter referred to as the principal Act).
2 Special exemption from income-tax in respect of dependent children of taxpayer.
(1.)
In addition to the special exemption provided for by section eighty-one of the principal Act, a further sum of twenty-five pounds shall be deducted by way of special exemption from the yearly income of every taxpayer in respect of each of his children (not exceeding five) who are under the age of sixteen years and are dependent upon him:
Provided that a deduction shall not be made under this section from the income of both the father and the mother of any child, or in any case where the total income from all sources of the father and mother together exceeds four hundred and twenty-five pounds per annum (whether such income or any part thereof is liable to income-tax or not).
(2.)
This section shall not apply to the assessment of income-tax for the year commencing on the first day of April, nineteen hundred and thirteen.
3 Section 104 of principal Act amended.
Section one hundred and four of the principal Act is hereby amended by inserting, after the words “other company”
wherever those words occur in paragraph (6), the words “local authority.”
"Related Legislation
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Versions
Land and Income Assessment Amendment Act 1913
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