An Act to amend the Land Tax Management Act 1956 to increase the land tax threshold.
1 Name of Act
This Act is the Land Tax Management Amendment (Tax Threshold) Act 2006.
2 Commencement
This Act is taken to have commenced on 31 December 2005.
3 Amendment of Land Tax Management Act 1956 No 26
The Land Tax Management Act 1956 is amended as set out in Schedule 1.
Schedule 1 Amendments
(Section 3)
[1] Section 62TBA Tax threshold—2006 land tax year and subsequent years
Omit “$330,000” from section 62TBA (1). Insert instead “$352,000”.
[2] Schedule 2 Savings and transitional provisions
Insert at the end of clause 1A (1):