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Inland Revenue

Tax Policy

PUBLISHED 28 July 2003

More time for consideration of "Rewrite" bill

Parliament's Finance and Expenditure Committee will have more time than originally planned to consider the 2000-page Income Tax Bill, which rewrites Parts A to E of the Income Tax Act and re-enacts the remainder of the Act. The committee's deadline for reporting back to Parliament has been extended from 15 August to 19 December to allow it more time to consider issues raised by the bill. For the committee's announcement see "Select Committee Business" at [link no longer available].