Income Tax (Minimum Family Tax Credit) Order 2014

Reprint as at 1 April 2016

Coat of Arms of New Zealand

Income Tax (Minimum Family Tax Credit) Order 2014

(LI 2014/350)

Jerry Mateparae, Governor-General

Order in Council

At Wellington this 17th day of November 2014

Present:
The Right Hon John Key presiding in Council

Note

Changes authorised by subpart 2 of Part 2 of the Legislation Act 2012 have been made in this official reprint.

Note 4 at the end of this reprint provides a list of the amendments incorporated.

This order is administered by the Inland Revenue Department.

Pursuant to section MF 7(1)(d) of the Income Tax Act 2007, His Excellency the Governor-General, acting on the advice and with the consent of the Executive Council, makes the following order.

Order

1 Title

This order is the Income Tax (Minimum Family Tax Credit) Order 2014.

2 Commencement

This order comes into force on 1 April 2015.

3 Increase of prescribed amount in formula for minimum family tax credit

(1)

The amount appearing as an item in the formula for the minimum family tax credit in section ME 1(3)(a) of the Income Tax Act 2007 is increased to $23,036.

(2)

Subclause (1) applies in respect of the 2015/16 tax year.

Clause 3(2): amended, on 1 April 2016, by clause 4(2) of the Income Tax (Minimum Family Tax Credit) Order 2015 (LI 2015/294).

4 Amendment to Income Tax (Minimum Family Tax Credit) Order 2013

(2)

In clause 3(2), delete “and later tax years”.

5 Income Tax (Minimum Family Tax Credit) Order 2012 revoked

Michael Webster,
Clerk of the Executive Council.

Issued under the authority of the Legislation Act 2012.

Date of notification in Gazette: 20 November 2014.

Reprints notes
1 General

This is a reprint of the Income Tax (Minimum Family Tax Credit) Order 2014 that incorporates all the amendments to that order as at the date of the last amendment to it.

2 Legal status

Reprints are presumed to correctly state, as at the date of the reprint, the law enacted by the principal enactment and by any amendments to that enactment. Section 18 of the Legislation Act 2012 provides that this reprint, published in electronic form, has the status of an official version under section 17 of that Act. A printed version of the reprint produced directly from this official electronic version also has official status.

3 Editorial and format changes

Editorial and format changes to reprints are made using the powers under sections 24 to 26 of the Legislation Act 2012. See also http://www.pco.parliament.govt.nz/editorial-conventions/.

4 Amendments incorporated in this reprint

Income Tax (Minimum Family Tax Credit) Order 2015 (LI 2015/294): clause 4