The Tax Laws Amendment (Research and Development) Bill 2013 has been referred to the Senate Economics Legislation Committee for inquiry and report by 17 March 2014. The Bill proposes to amend the ITAA 1997 to deny access to the R&D tax incentive for companies with aggregated assessable income of $20bn or more for an income year.
[LTN 236, 5/12/13]
Bill passed in the House of Representatives and moves to Senate
The Tax Laws Amendment (Research and Development) Bill 2013 late on Mon 9.12.2013, passed the House of Reps without amendment and now moves to the Senate.
[LTN 239, 10/12/13]