Treasury Laws Amendment (Enterprise Tax Plan No 2) Bill 2017 [2017] AUSStaCSBSD 191 (14 June 2017)

• Treasury Laws Amendment (Enterprise Tax Plan No. 2) Bill 2017

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Treasury Laws Amendment (Enterprise Tax Plan No. 2) Bill 2017

Purpose	This bill seeks to amend various Acts relating to taxation to: • progressively extend the lower 27.5 per cent corporate tax rate to all corporate tax entities by the 2023-24 income year, and then lower the corporate tax rate for all corporate tax entities to: - 27 per cent for the 2024-25 income year; - 26 per cent for the 2025-26 income year; and - 25 per cent for the 2026-27 income year and later income years; and • make consequential amendments to the income tax law to reflect the extension of the reduction in the corporate tax rate to all corporate tax entities
Portfolio	Treasury
Introduced	House of Representatives on 11 May 2017

The committee has no comment on this bill.