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Income Tax Act 2007

Income - Excluded income - Definitions

CX 48D: Tax credits for expenditure on research and development

You could also call this:

“Tax credits for research and development spending no longer exist”

The law used to have a section called ‘Tax credits for expenditure on research and development’. This section was part of the Income Tax Act 2007. However, this part of the law no longer exists. It was removed on 30 March 2017, and this change applied from 1 April 2009. This means that since 1 April 2009, there have been no special tax credits for money spent on research and development under this specific section of the law.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM2540357.

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“Additional government funding for screen productions may not be taxable income”

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“Employer contributions to your super fund are tax-free income”

Part C Income
Excluded income: Definitions

CX 48DTax credits for expenditure on research and development (Repealed)

Notes
  • Section CX 48D: repealed (with effect on 1 April 2009), on , by section 40(2) of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).