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OK 4: MACA payment of further income tax
or “Credit for Māori authorities when they pay extra income tax”
You could also call this:

“Former rule on Māori authority credit account spending for research and development”

This part of the law used to talk about something called “MACA expenditure on research and development”. MACA stands for Māori authority credit account. However, this section of the law no longer exists. It was removed from the Income Tax Act 2007 on 30 March 2017. The removal applies to anything that happened on or after 1 April 2009. If you need to know more about this topic, you might want to look at other parts of the Income Tax Act 2007 or ask someone who knows about tax laws.

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Next up: OK 5: MACA distribution with Maori authority credit

or “Māori authority receives credit for distribution with attached Māori authority credit”
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Part O Memorandum accounts
Maori authority credit accounts (MACA)

OK 4BMACA expenditure on research and development (Repealed)

    Notes
    • Section OK 4B: repealed (with effect on 1 April 2009), on , by section 221 of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).