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representatives vote 2018-02-08#5

Edited by mackay

on 2018-04-25 15:22:13

Title

  • Bills — Treasury Laws Amendment (Enterprise Tax Plan No. 2) Bill 2017; Third Reading
  • Treasury Laws Amendment (Enterprise Tax Plan No. 2) Bill 2017 - Third Reading - Pass the bill

Description

  • <p class="speaker">Tony Smith</p>
  • <p>The question now is that this bill be now read a third time.</p>
  • The majority voted in favour of a [motion](https://www.openaustralia.org.au/debates/?id=2018-02-08.16.1) to pass [the bill](http://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/r5867) in the House of Representatives. In parliamentary jargon, they voted to [read the bill for a third time](https://www.peo.gov.au/learning/fact-sheets/making-a-law.html).
  • Because this division was successful, the bill will now go to the Senate for our senators to consider.
  • ### About the bill
  • 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).