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representatives vote 2018-02-08#2
Edited by
mackay staff
on
2018-04-25 15:41:39
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Title
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
Description
<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](https://www.peo.gov.au/learning/fact-sheets/making-a-law.html).
- ### What is the bill's main idea?
- The purpose of [the bill](http://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;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](https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/bd/bd1718a/18bd022).
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