Document ID: chunk:federal_register_of_legislation:C2021C00270:clause:4_7
Version: federal_register_of_legislation:C2021C00270
Segment Type: clause
Provision Reference: sch 4 cl 7
Character Range: 51695–52196

7  After subsection 355‑100(1)
Insert:

R&D premium
 (1A) If item 2 or 3 of the table in subsection (1) applies to the *R&D entity, the amount of the *tax offset for the income year is increased by the sum of the amounts (if any) worked out for each item of the following table for that entity:

Tiered offset rates
Item                 Work out the part of the total amount mentioned in subsection 355‑100(1) that:                                               Multiply that part by this percentage: