Part MTax credits paid in cash
General provisions
MA 3Excluded income
A tax credit that a person has under this Part is excluded income of the person.
Compare
- 2004 No 35 s KD 8
If you receive a tax credit under this Part, you don't have to count it as income for tax purposes. This means the government won't tax you on the money you get from this tax credit. It's like getting a special type of money that doesn't count when you're figuring out how much tax you need to pay.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1518411.
A tax credit that a person has under this Part is excluded income of the person.