BORA Taxation Income Sharing Tax Credit Bill [pdf, 171 KB]
...Bill is to be considered by the Cabinet Legislation Committee on 22 July 2010. 2. The Bill amends the Income Tax Act 2007 and Tax Administration Act 1994 to create an Income-sharing Tax Credit (ISTC). The ISTC would create a financial benefit through an annual tax credit available to couples with dependent children. However, the ISTC excludes sole parents from eligibility. 3. We have concluded that the Bill appears to be inconsistent with s 19(1) of the Bill of Rights Act and t...