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Tax Laws Amendment (Small Business Measures No. 2) Bill 2015


Type
Government
Originating house
House of Representatives
Status
Act
Portfolio
Treasury

Summary

Amends the: Income Tax Assessment Act 1997 and Income Tax (Transitional Provisions) Act 1997 to temporarily increase the threshold under which certain depreciating assets, costs incurred in relation to depreciating assets and general small business pools can be written off; and Income Tax Assessment Act 1997 to: make consequential amendments; enable primary producers to claim an immediate deduction for capital expenditure on water facilities and fencing assets; and deduct capital expenditure on fodder storage assets over three years.

Progress of bill

For committee reference information, please see the Notes section at the end of this page.

House of Representatives
Introduced and read a first time 28/05/15  
Second reading moved 28/05/15  
Second reading debate 02/06/15  
Second reading debate 03/06/15  
Second reading debate 04/06/15  
Second reading agreed to 04/06/15  
Third reading agreed to 04/06/15  
     
Senate
Introduced and read a first time 15/06/15  
Second reading moved 15/06/15  
Second reading debate 15/06/15  
Second reading agreed to 15/06/15  
Committee of the Whole debate 15/06/15  
Third reading agreed to 15/06/15  
     
Finally passed both Houses 15/06/15  
Assent 22/06/15 Act no.: 67 - Year: 2015
     

Text of bill

  • First reading

MS-Word PDF HTML
  • As passed by both Houses

MS-Word PDF HTML

Explanatory memoranda

  • Explanatory memorandum

MS-Word PDF HTML

Second reading speeches


Proposed amendments

No proposed amendments have been circulated.

Schedules of amendments

Bills Digest



Notes