Taxation (Income Tax Rates) Act 1997

1: Short Title
This Act may be cited as the Taxation (Income Tax Rates) Act 1997.
1: Amendments to Income Tax Act 1994 Amendment Act 1996
Part 1 repealed 1 April 2005 section YA 2 Income Tax Act 2004
2: Income Tax Act 1994 Amendment Act 1996
Section 2 repealed 1 April 2005 section YA 2 Income Tax Act 2004
3: Basic tax deductions
Section 3 repealed 1 April 2005 section YA 2 Income Tax Act 2004
4: Low income rebate
Section 4 repealed 1 April 2005 section YA 2 Income Tax Act 2004
5: Guaranteed minimum family income credit of tax
Section 5 repealed 1 April 2005 section YA 2 Income Tax Act 2004
6: Basic rates of income tax for individuals and certain other taxpayers
Section 6 repealed 1 April 2005 section YA 2 Income Tax Act 2004
7: Heading repealed
Section 7 repealed 1 April 2005 section YA 2 Income Tax Act 2004
8: Commencement
Section 8 repealed 1 April 2005 section YA 2 Income Tax Act 2004
9: Rates for interim instalments for period beginning on or after 1 July 1998
Section 9 repealed 1 April 2005 section YA 2 Income Tax Act 2004
10: Director-General to deliver credit of tax
Section 10 repealed 1 April 2005 section YA 2 Income Tax Act 2004
11: Resident withholding tax deductions
Section 11 repealed 1 April 2005 section YA 2 Income Tax Act 2004
12: Basic tax deductions
Section 12 repealed 1 April 2005 section YA 2 Income Tax Act 2004
13: Heading repealed
Section 13 repealed 1 April 2005 section YA 2 Income Tax Act 2004
14: Section repealed
Section 14 repealed 1 April 2005 section YA 2 Income Tax Act 2004
15: Low income rebate
Section 15 repealed 1 April 2005 section YA 2 Income Tax Act 2004
16: Guaranteed minimum family income credit of tax
Section 16 repealed 1 April 2005 section YA 2 Income Tax Act 2004
17: Definitions
Section 17 repealed 1 April 2005 section YA 2 Income Tax Act 2004
18: Basic rates of income tax for individuals and certain other taxpayers
Section 18 repealed 1 April 2005 section YA 2 Income Tax Act 2004
2: Amendments to Income Tax Act 1994
Part 2 repealed 1 April 2005 section YA 2 Income Tax Act 2004
19: Income Tax Act 1994
Section 19 repealed 1 April 2005 section YA 2 Income Tax Act 2004
20: Basic rates of income tax for individuals and certain other taxpayers
Section 20 repealed 1 April 2005 section YA 2 Income Tax Act 2004
21: Low income rebate
Section 21 repealed 1 April 2005 section YA 2 Income Tax Act 2004
22: Guaranteed minimum family income credit of tax
Section 22 repealed 1 April 2005 section YA 2 Income Tax Act 2004
23: Credit of tax by instalments
Section 23 repealed 1 April 2005 section YA 2 Income Tax Act 2004
24: Transitional rates for interim instalments during period 1 July 1997 to 30 June 1998
Section 24 repealed 1 April 2005 section YA 2 Income Tax Act 2004
25: Director-General to deliver credit of tax
Section 25 repealed 1 April 2005 section YA 2 Income Tax Act 2004
26: Definitions
Section 26 repealed 1 April 2005 section YA 2 Income Tax Act 2004
3: Amendments to Tax Administration Act 1994
27: Tax Administration Act 1994
This Part amends the Tax Administration Act 1994
28: Annual income tax returns for 1996–97 income year
1:
2: Subsection (1) applies with respect to the 1996–97 income year.
3: Subsections (1) and (2) are deemed to have come into force on 1 April 1996. Section 28(1) repealed 1 April 1998 section 29
29: Repeal
Section 28(1)
30: Annual income tax returns for 1997–98 income year
1: Section 33A section 28
33A: Annual income tax returns not required from taxpayers
1: For the purposes of this Act, subject to subsections (2) and (3)
a: Is not a New Zealand superannuitant; and
b: Does not derive gross income other than—
i: Income from employment from which a tax deduction is liable to be made in accordance with the PAYE rules:
ii: Interest or dividends from which resident withholding tax is liable to be deducted in accordance with the RWT rules; and
c: Derives annual gross income that does not exceed $34,200; and
d: Does not derive gross income as a shearer or as a shearing shed hand; and
e: Is not an absentee; and
f: Is not issued with a family certificate of entitlement for any part of the year; and
g: Does not have a spouse who is issued with a family certificate of entitlement for any part of the year; and
h: Is not required to pay any financial support under the Child Support Act 1991
i: Does not have any IRD loan balance (as defined in section 2 of the Student Loan Scheme Act 1992
2: Notwithstanding anything in subsection (1)
a: Satisfies paragraphs (b) to (i) of subsection (1)
b: Receives payments of which the following amounts do not exceed $7,722 in aggregate—
i: Income from employment other than New Zealand superannuation:
ii: Interest and dividends:
iii: 50% of any pension from a superannuation fund:
iv: 50% of any annuity to which section CB 9(f)
3: Notwithstanding anything in subsections (1) and (2)
a: The person receives income from employment from which a tax deduction is made and the amount of the tax deduction is determined wholly or partly by a special tax code certificate issued under section NC 14 of the Income Tax Act 1994
b: The Director-General of Social Welfare pays to the person or to the person's spouse a family credit under section KD 6 of the Income Tax Act 1994 section KD 2(4) of the Income Tax Act 1994
4: For the purposes of subsections (1) and (2) section NF 2(1)(b) of the Income Tax Act 1994 .
2: Subsection (1) applies with respect to the 1997–98 and subsequent income years.
3: Subsections (1) and (2) are deemed to have come into force on 1 April 1997.
4: Part 2 of the Taxation (Superannuitant Surcharge Reduction) Act 1996
5: Subsection (4) is deemed to have come into force on 2 September 1996.
31: Annual income tax returns for 1998-99 and subsequent income years
1: In section 33A section 30(1) $34,200 $38,000
2: Subsection (1) applies with respect to the 1998–99 and subsequent income years.
3: This section comes into force on 1 April 1998.
4: Amendments to Tax Administration Amendment Act 1996
32: Tax Administration Amendment Act 1996
This Part amends the Tax Administration Amendment Act 1996
33: Commencement
This Part is deemed to come into force on 1 April 1996.
34: Sections repealed
Sections 5 and 6
35: Annual income tax returns for 1997-98 income year
Sections 7(1), (3) and (4)
5: Annual rates of income tax for 1997–98
Part 5 repealed 26 November 1998 Taxation (Annual Rates of Income Tax 1998–99) Act 1998
36: Rates of income tax for 1997–98 income year
Section 36 repealed 26 November 1998 Taxation (Annual Rates of Income Tax 1998–99) Act 1998