| Long Title |
This Bill, together with the Business Tax Review (Taxing) Bill 2003, seeks to implement the Business Tax Review recommendations for pay-roll and land tax. The reforms are designed to improve the efficiency, equity and simplicity of the State's tax system, with a particular focus on minimizing compliance costs. This Bill also includes a minor additional amendment in the land tax legislation to provide an exemption for life tenancies held in trust where the property is used as the principal place of residence of the life tenant. |