25 Sep 1414 2014 Measures No 5 Bill passed by House
On 24 September 2014, Tax and Superannuation Laws Amendment (2014 Measures No 5) Bill 2014 was passed by the House of Representatives without amendment.
The Bill amends:
- ITAA 1997 and Taxation Administration Act 1953 to abolish the mature age worker tax offset;
- ITAA 1997 and Shipping Reform (Tax Incentives) Act 2012 to abolish the seafarer tax offset; and
- ITAA 1997 to reduce the tax offset rates available under the research and development tax incentive by1.5%; and update the list of deductible gift recipients.
For further details, see the Explanatory Memorandum.
The Bill now proceeds to the Senate.