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representatives vote 2018-02-08#2

Edited by mackay staff

on 2018-04-25 15:41:39


  • Bills — Treasury Laws Amendment (Enterprise Tax Plan No. 2) Bill 2017; Second Reading
  • Treasury Laws Amendment (Enterprise Tax Plan No. 2) Bill 2017 - Second Reading - Agree with the bill's main idea


  • <p class="speaker">Tony Smith</p>
  • <p>The question is that this bill be read a second time.</p>
  • The majority voted to agree with the main idea of the bill, which means they can now discuss it in more detail. In parliamentary jargon, they voted to [read the bill for a second time](
  • ### What is the bill's main idea?
  • The purpose of [the bill](;query=Id:legislation/billhome/r5867) is to:
  • > *progressively extend the lower 27.5 per cent corporate tax rate to all corporate tax entities by the 2023-24 financial year; and further reduce the corporate tax rate in stages so that by the 2026 27 financial year, the corporate tax rate for all entities will be 25 per cent*
  • Read more in the [bills digest](