Taxation (Superannuitant Surcharge Abolition) Act 1997

Taxation (Superannuitant Surcharge Abolition) Act 1997

Public Act1997 No 59
Date of assent20 August 1997
Commencement20 August 1997

Note

An Act to amend the Income Tax Act 1994 and the Tax Administration Act 1994 to abolish the New Zealand superannuitant surcharge

BE IT ENACTED by the Parliament of New Zealand as follows:

1 Short title and application
  • (1) This Act may be cited as the Taxation (Superannuitant Surcharge Abolition) Act 1997.

    (2) This Act applies to the tax on taxable income for the 1998–99 and subsequent income years.

Part 1
Amendments to Income Tax Act 1994

[Repealed]

  • Part 1 (comprising sections 2 to 10) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

2 Income Tax Act 1994
  • [Repealed]

    Part 1 (comprising sections 2 to 10) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

3 Certain deductions not allowed
  • [Repealed]

    Part 1 (comprising sections 2 to 10) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

4 Subpart JB repealed
  • [Repealed]

    Part 1 (comprising sections 2 to 10) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

5 Amount of provisional tax based on 1997-98 or earlier income year
  • [Repealed]

    Part 1 (comprising sections 2 to 10) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

6 Special tax code certificates
  • [Repealed]

    Part 1 (comprising sections 2 to 10) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

7 Subpart NI repealed
  • [Repealed]

    Part 1 (comprising sections 2 to 10) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

8 Definitions
  • [Repealed]

    Part 1 (comprising sections 2 to 10) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

9 Meaning of income tax
  • [Repealed]

    Part 1 (comprising sections 2 to 10) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

10 References to particular regimes in former Act, etc
  • [Repealed]

    Part 1 (comprising sections 2 to 10) was repealed, as from 1 April 2005, by section YA 2 Income Tax Act 2004 (2004 No 35).

Part 2
Amendments to Tax Administration Act 1994

11 Tax Administration Act 1994
12 Interpretation
  • In section 3(1), the definition of other income is repealed.

13 Annual income tax returns not required from taxpayers
  • (1) Section 33A(1)(a) is repealed.

    (2) Section 33A(2) is repealed.

    (3) In section 33A(3), subsections (1) and (2) is replaced by subsection (1).

    (4) In section 33A(4), subsections (1) and (2) is replaced by subsection (1).

14 New Zealand superannuitant to estimate other income
  • Section 45 is repealed.

15 Assessment of New Zealand superannuitant surcharge
  • Section 96 is repealed.

16 Amount of provisional tax based on 1997–98 or earlier income year
  • After section 119, the following is inserted:

    119A
    • For the purposes of section 119(3) and for a taxpayer who is a New Zealand superannuitant, the taxpayer's residual income tax for the 1997–98 income year or for an earlier income year is the amount that would have been the taxpayer's residual income tax if the taxpayer:

      • (a) Had not been liable to pay the New Zealand superannuitant surcharge; and

      • (b) Had not paid any New Zealand superannuitant surcharge by way of surcharge deduction..


This Act is administered by the Inland Revenue Department