Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3
Character Range: 5163744–5164689

3                       any other case                                                                                                                                                                         the R&D entity's *corporate tax rate for the income year

Note 1: The tax offset will be a refundable tax offset if item 1 of the table applies (see section 67‑30).
Note 2: The tax offset is increased under subsection (1A) of this section if item 2 or 3 of the table applies.

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: