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senate vote 2016-10-11#2
Edited by
mackay staff
on
2016-10-22 00:04:48
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Title
Description
- The majority voted to support the main idea of the [bill](http://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/r5683). In parliamentary jargon, they voted to give the bill a [second reading](http://www.peo.gov.au/learning/fact-sheets/making-a-law.html).
- ### Main idea of the bill
The [bills digest](http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/bd/bd1617a/17bd012) explains that the main idea of the bill is:- This bill will lower taxes for people earning over $80,000.
> *to increase from $80,000 to $87,000 the threshold at which an individual’s marginal tax rate increases from 32.5 per cent to 37 per cent. The changes apply to both resident and non-resident individual tax payers, with effect from 1 July 2016.*- The [bills digest](http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/bd/bd1617a/17bd012) explains that the bill's purpose is:
- > *to increase from $80,000 to $87,000 the threshold at which an individual’s marginal tax rate increases from 32.5 per cent to 37 per cent. The changes apply to both resident and non-resident individual tax payers, with effect from 1 July 2016.*
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senate vote 2016-10-11#2
Edited by
mackay staff
on
2016-10-14 07:23:03
|
Title
Bills — Treasury Laws Amendment (Income Tax Relief) Bill 2016; Second Reading- Treasury Laws Amendment (Income Tax Relief) Bill 2016 - Second Reading - Agree with the main idea of the bill
Description
<p class="speaker">Stephen Parry</p><p>The question is that the bill be now read a second time.</p> - The majority voted to support the main idea of the [bill](http://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id:legislation/billhome/r5683). In parliamentary jargon, they voted to give the bill a [second reading](http://www.peo.gov.au/learning/fact-sheets/making-a-law.html).
- ### Main idea of the bill
- The [bills digest](http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/bd/bd1617a/17bd012) explains that the main idea of the bill is:
- > *to increase from $80,000 to $87,000 the threshold at which an individual’s marginal tax rate increases from 32.5 per cent to 37 per cent. The changes apply to both resident and non-resident individual tax payers, with effect from 1 July 2016.*
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