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This is a Bill, not an Act. For current law, see the Acts databases.


BUSINESS TAX REVIEW (TAXING) BILL 2003

                         Western Australia


     Business Tax Review (Taxing) Bill 2003

                            CONTENTS


        Part 1 -- Preliminary
1.      Short title                             2
2.      Commencement                            2
        Part 2 -- Land tax rates
3.      The Act amended                         3
4.      Section 5 amended                       3
        Part 3 -- Single rate of pay-roll tax
5.      The Act amended                         5
6.      Heading of Part 1 deleted               5
7.      Part 2 replaced                         5




                             176--1             page i
                           Western Australia


                     LEGISLATIVE ASSEMBLY



      Business Tax Review (Taxing) Bill 2003


                               A Bill for


An Act to amend the Land Tax Act 2002 and the Pay-roll Tax
Act 2002.



The Parliament of Western Australia enacts as follows:




                                                             page 1
    Business Tax Review (Taxing) Bill 2003
    Part 1         Preliminary

    s. 1



                           Part 1 -- Preliminary
    1.       Short title
             This Act may be cited as the Business Tax Review (Taxing)
             Act 2003.

5   2.       Commencement
             This Act comes into operation on 1 July 2003.




    page 2
                                       Business Tax Review (Taxing) Bill 2003
                                                Land tax rates         Part 2

                                                                              s. 3



                       Part 2 -- Land tax rates
     3.   The Act amended
          The amendments in this Part are to the Land Tax Act 2002*.
          [* Act No. 51 of 2002.]

5    4.   Section 5 amended
          Section 5 is amended as follows:
            (a) by inserting after "this section" --
                 " for the relevant financial year ";
           (b) by deleting the heading to the Table and inserting the
10               following heading instead --
          "
                      Table 1: Land tax rates for 2002/03
                                                                               ";
              (c)   by inserting the following Table at the end of the
15                  section --
     "
              Table 2: Land tax rates for 2003/04 and subsequent
                                financial years
            Unimproved value
                 of the land
          Exceeding       Not exceeding            Rate of land tax
               ($)              ($)
          0               50 000            Nil
          50 000          190 000           $75.00 + 0.15 cent for each $1
                                            in excess of $50 000
          190 000          550 000          $285.00 + 0.45 cent for each $1
                                            in excess of $190 000
          550 000          2 000 000        $1 905.00 + 1.76 cents for each
                                            $1 in excess of $550 000



                                                                         page 3
Business Tax Review (Taxing) Bill 2003
Part 2         Land tax rates

s. 4



         2 000 000     5 000 000         $27 425.00 + 2.30 cents for
                                         each $1 in excess of
                                         $2 000 000
         5 000 000                       $96 425.00 + 2.50 cents for
                                         each $1 in excess of
                                         $5 000 000
                                                                       ".




page 4
                                         Business Tax Review (Taxing) Bill 2003
                                         Single rate of pay-roll tax     Part 3

                                                                            s. 5



                   Part 3 -- Single rate of pay-roll tax
     5.        The Act amended
               The amendments in this Part are to the Pay-roll Tax Act 2002*.
               [* Act No. 47 of 2002.]

5    6.        Heading of Part 1 deleted
               The heading of Part 1 is deleted.

     7.        Part 2 replaced
               Part 2 is repealed and the following section is inserted
               instead --
10   "
          5.         Imposition of pay-roll tax
                     Pay-roll tax is imposed at the rate of 6%.
                                                                              ".




 


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