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This is a Bill, not an Act. For current law, see the Acts databases.
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 Part 2 replaced Part 2 is repealed and the following section is inserted instead -- 10 " 5.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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