Taxation (Canterbury Earthquake Measures) Act 2011

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Taxation (Canterbury Earthquake Measures) Act 2011

Public Act	2011 No 24
Date of assent	24 May 2011
Commencement	see section 2

Contents

Part 1
Amendments to Income Tax Act 2007

3 Income Tax Act 2007

4 New sections CZ 23 and CZ 24

CZ 23 Employee benefits for Canterbury earthquake relief: exempt income

CZ 24 Employee benefits for Canterbury earthquake relief: not fringe benefits

5 New section GZ 3

GZ 3 Donations of trading stock for relief of Canterbury earthquakes

6 What this Part does

7 Family scheme income from other payments

8 What this subpart does

9 Tax credit for redundancy payments

10 Subpart ML repealed

Part 2
Amendments to other Acts

Tax Administration Act 1994

12 New heading and section 91AAS

Determinations relating to family scheme income

91AAS Declaration of emergency event for purposes of family scheme income

Estate and Gift Duties Act 1968

13 New section 73B

73B Exemption for certain gifts of trading stock

Taxation (Budget Measures) Act 2010

14 Section 95 repealed

Legislative history

The Parliament of New Zealand enacts as follows: