The NSW Budget 2013-14 was handed down on Tue 18.6.2013. NSW Treasurer Mike Baird announced that the payroll tax threshold will be increased from $689,000 to $750,000 from 1 July 2013, and that indexation will be removed. Mr Baird also announced that the “Jobs Action Plan” payroll tax rebate will be extended for another 2 years, until June 2015, and that the rebate will be increased from $4,000 to $5,000 for each new job.
The id=”mce_marker”5,000 First Home Owner’s Grant will also be extended by 2 years.
[LTN 115, 18/6/13]