Title INCOME TAX ASSESSMENT BILL (No. 2) 1941
Second Reading
Database House Hansard
Date 17-12-1941
Source House of Reps
Parl No. 16
Electorate Lilley
Speaker JOLLY, William
Stage Second Reading
System Id hansard80/hansardr80/1941-12-17/0161


INCOME TAX ASSESSMENT BILL (No. 2) 1941 - Second Reading


Mr JOLLY (Lilley) .- The House should take note that this bill introduces a new principle in respect of State income tax and State development tax, in that those taxes are no longer an allowable deduction, whereas federal income tax is. I am at a loss to know why the Treasurer has done this. The disallowance of this deduction will seriously affect those on higher incomes, and will place some taxpayers in an embarrassing position.







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