A BABY BONUS
EXEMPTIONS FROM INCOME TAX. The Land and Income Assessment Amendment Bill, introduced in tho House yesterday by the Hon. James Allen, is a me'asure giving special exemption from income tax in respect of dependent children of a taxpayer. It provides that in addition to the special exemption provided at present, a further su of £25 shall be deducted by way of special exemption from the yearly income of every taxpayer in respect of each of his children (not exceeding four) who are under the ago of sixteen years and are dependent upon him This deduction is not to apply to cases where the income of both the father and the mother of any child exceeds £7OO per annum.
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Bibliographic details
New Zealand Times, Volume XXXVII, Issue 8481, 16 July 1913, Page 7
Word Count
121A BABY BONUS New Zealand Times, Volume XXXVII, Issue 8481, 16 July 1913, Page 7
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