The Parliament of New Zealand enacts as follows:
This Act is the Taxation (Support for Children in Hardship) Act 2015.
(1)
Sections 4 and 5 come into force on 1 April 2016.
(2)
The rest of this Act comes into force on the day after the date on which it receives the Royal assent.
Sections 4 and 5 amend the Income Tax Act 2007.
In section MD 10(3)(a), replace “$3,120” with “$3,770”.
“$3,120”
“$3,770”
In section MD 13(3)(a),—
in subparagraph (i), replace “21.25 cents” with “22.5 cents”:
“21.25 cents”
“22.5 cents”
in subparagraph (ii), replace “21.25 cents” with “22.5 cents”.
Sections 7 to 10 amend the Taxation (Annual Rates and Budget Measures) Act 2011.
In section 2(3), replace “Section 5(2) comes” with “Sections 5(2) and 14B(1) come”.
“Section 5(2) comes”
“Sections 5(2) and 14B(1) come”
In section 2(4), replace “Section 5(3) comes” with “Sections 5(3) and 14B(2) come”.
“Section 5(3) comes”
“Sections 5(3) and 14B(2) come”
(3)
In section 2(5), replace “Section 5(4) comes” with “Sections 5(4) and 14B(3) come”.
“Section 5(4) comes”
“Sections 5(4) and 14B(3) come”
In section 4, replace “Sections 5 to 14” with “Sections 5 to 14B”.
“Sections 5 to 14”
“Sections 5 to 14B”
Replace section 5(2) to (4) with:
in subparagraph (i), replace “$36,350, 22.5 cents” with “$35,900, 23.75 cents”:
“$36,350, 22.5 cents”
“$35,900, 23.75 cents”
in subparagraph (ii), replace “$36,350, 22.5 cents” with “$35,900, 23.75 cents”.
in subparagraph (i), replace “$35,900, 23.75 cents” with “$35,450, 25 cents”:
“$35,450, 25 cents”
in subparagraph (ii), replace “$35,900, 23.75 cents” with “$35,450, 25 cents”.
(4)
in subparagraph (i), replace “$35,450, 25 cents” with “$35,000, 25 cents”:
“$35,000, 25 cents”
in subparagraph (ii), replace “$35,450, 25 cents” with “$35,000, 25 cents”.
After section 14, insert:
In Schedule 31, replace the first and second rows after the heading row with:
1 December 2015
Divided from Support for Children in Hardship Bill (Bill 23–2) as Bill 23–3C
3 December 2015
Third reading
9 December 2015
Royal assent
This Act is administered by the Inland Revenue Department.