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This is a Bill, not an Act. For current law, see the Acts databases.
Queensland
LAND TAX AMENDMENT
BILL 2002
Queensland
LAND TAX AMENDMENT BILL 2002
TABLE OF PROVISIONS
Section Page
1 Short title . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
2 Commencement. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
3 Act amended . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
4 Replacement of ss 9AA-9AB . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
9A Rebates. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
5 Amendment of s 13 (Land exempted from tax) . . . . . . . . . . . . . . . . . . . . . . 5
6 Amendment of s 16 (Taxpayer to furnish returns) . . . . . . . . . . . . . . . . . . . . 5
7 Amendment of s 62 (Application of certain amendments) . . . . . . . . . . . . . . 5
2002
A BILL
FOR
An Act to amend the Land Tax Act 1915
s1 4 s4
Land Tax Amendment Bill 2002
The Parliament of Queensland enacts-- 1
1 Short title
Clause 2
This Act may be cited as the Land Tax Amendment Act 2002. 3
2 Commencement
Clause 4
This Act is taken to have commenced on 1 July 2002. 5
3 Act amended
Clause 6
This Act amends the Land Tax Act 1915. 7
4 Replacement of ss 9AA-9AB
Clause 8
Sections 9AA to 9AB-- 9
omit, insert-- 10
`9A Rebates 11
`(1) A taxpayer, other than a prescribed taxpayer, is entitled to a rebate of 12
the tax assessed to be payable by the taxpayer for a financial year of an 13
amount equal to 15% of the tax. 14
`(2) A prescribed taxpayer is entitled to a rebate of the tax assessed to be 15
payable by the taxpayer for a financial year if the amount of the taxable 16
value is $150 000 or more but less than $215 000. 17
`(3) The amount of the rebate mentioned in subsection (2) is the amount 18
equal to 36% of the tax less 0.5% for each $1 000 that the taxable value is 19
more than $150 000. 20
`(4) In this section-- 21
"prescribed taxpayer" means a taxpayer who is-- 22
(a) an individual in the capacity of trustee; or 23
(b) a company or absentee, whether or not in the capacity of 24
trustee.'. 25
s5 5 s7
Land Tax Amendment Bill 2002
5 Amendment of s 13 (Land exempted from tax)
Clause 1
(1) Section 13(1)(i) to (k), `$100 000'-- 2
omit, insert-- 3
`$150 000'. 4
(2) Section 13(1)(j), `relevant unimproved'-- 5
omit, insert-- 6
`taxable'. 7
6 Amendment of s 16 (Taxpayer to furnish returns)
Clause 8
Section 16(1)(a), `$100 000'-- 9
omit, insert-- 10
`$150 000'. 11
7 Amendment of s 62 (Application of certain amendments)
Clause 12
Section 62(1) and (2)-- 13
omit, insert-- 14
`This Act, as amended by the Land Tax Amendment Act 2002, applies to 15
land tax levied for the financial year beginning on 1 July 2002 and each 16
later financial year.'. 17
© State of Queensland 2002
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