Western Australian Bills Western Australian Bills[Index] [Search] [Download] [Related Items] [Help]
This is a Bill, not an Act. For current law, see the Acts databases.
Western Australia
Business Tax Review (Taxing) Bill 2003
CONTENTS
Part 1 -- Preliminary
1. Short title 2
2. Commencement 2
Part 2 -- Land tax rates
3. The Act amended 3
4. Section 5 amended 3
Part 3 -- Single rate of pay-roll tax
5. The Act amended 5
6. Heading of Part 1 deleted 5
7. Part 2 replaced 5
176--1 page i
Western Australia
LEGISLATIVE ASSEMBLY
Business Tax Review (Taxing) Bill 2003
A Bill for
An Act to amend the Land Tax Act 2002 and the Pay-roll Tax
Act 2002.
The Parliament of Western Australia enacts as follows:
page 1
Business Tax Review (Taxing) Bill 2003
Part 1 Preliminary
s. 1
Part 1 -- Preliminary
1. Short title
This Act may be cited as the Business Tax Review (Taxing)
Act 2003.
5 2. Commencement
This Act comes into operation on 1 July 2003.
page 2
Business Tax Review (Taxing) Bill 2003
Land tax rates Part 2
s. 3
Part 2 -- Land tax rates
3. The Act amended
The amendments in this Part are to the Land Tax Act 2002*.
[* Act No. 51 of 2002.]
5 4. Section 5 amended
Section 5 is amended as follows:
(a) by inserting after "this section" --
" for the relevant financial year ";
(b) by deleting the heading to the Table and inserting the
10 following heading instead --
"
Table 1: Land tax rates for 2002/03
";
(c) by inserting the following Table at the end of the
15 section --
"
Table 2: Land tax rates for 2003/04 and subsequent
financial years
Unimproved value
of the land
Exceeding Not exceeding Rate of land tax
($) ($)
0 50 000 Nil
50 000 190 000 $75.00 + 0.15 cent for each $1
in excess of $50 000
190 000 550 000 $285.00 + 0.45 cent for each $1
in excess of $190 000
550 000 2 000 000 $1 905.00 + 1.76 cents for each
$1 in excess of $550 000
page 3
Business Tax Review (Taxing) Bill 2003
Part 2 Land tax rates
s. 4
2 000 000 5 000 000 $27 425.00 + 2.30 cents for
each $1 in excess of
$2 000 000
5 000 000 $96 425.00 + 2.50 cents for
each $1 in excess of
$5 000 000
".
page 4
Business Tax Review (Taxing) Bill 2003
Single rate of pay-roll tax Part 3
s. 5
Part 3 -- Single rate of pay-roll tax
5. The Act amended
The amendments in this Part are to the Pay-roll Tax Act 2002*.
[* Act No. 47 of 2002.]
5 6. Heading of Part 1 deleted
The heading of Part 1 is deleted.
7. Part 2 replaced
Part 2 is repealed and the following section is inserted
instead --
10 "
5. Imposition of pay-roll tax
Pay-roll tax is imposed at the rate of 6%.
".
page 5
[Index] [Search] [Download] [Related Items] [Help]