Land Tax Rating Amendment Act 2022
An Act to amend the Land Tax Rating Act 2000
[Royal Assent 13 May 2022]
Be it enacted by Her Excellency the Governor of Tasmania, by and with the advice and consent of the Legislative Council and House of Assembly, in Parliament assembled, as follows:
This Act may be cited as the Land Tax Rating Amendment Act 2022 .
This Act commences on 1 July 2022.
In this Act, the Land Tax Rating Act 2000 is referred to as the Principal Act.
4. Schedule 1 amended (Rate of land tax)
Schedule 1 to the Principal Act is amended as follows:(a) by omitting "$50 000" from column 2 of item 1 in the table and substituting "$100 000";(b) by omitting item 2 from the table and substituting the following:
2.
$100 000 - $499 999.99
$50 and 0.45 cents for each dollar of the assessed land value or apportioned assessed land value in excess of $100 000
(c) by omitting "$400 000" from column 2 of item 3 in the table and substituting "$500 000";(d) by omitting "$1 975" from column 3 of item 3 in the table and substituting "$1 850";(e) by omitting "$400 000" from column 3 of item 3 in the table and substituting "$500 000".
This Act is repealed on the first anniversary of the day on which this Act commenced.
[Second reading presentation speech made in:
House of Assembly on 22 MARCH 2022
Legislative Council on 4 MAY 2022]