Singapore legislation
Clause 14
of Economic Expansion Incentives (Relief from Income Tax) (Amendment No. 2) Bill
Clause 14
Repeal and re-enactment of section 97Z
Section 97Z of the principal Act is repealed and the following section substituted therefor:“Savings provision97Z.—
Notwithstanding the amendment of sections 97S to 97V, 97X and 97Y by the Economic Expansion Incentives (Relief from Income Tax) (Amendment No. 2) Act 2004, sections 97S to 97V, 97X and 97Y in force immediately before 27th February 2004 shall continue to apply and have effect to any technopreneur start-up company approved before that date.(2) In this section, “technopreneur start-up company” means a company approved as a technopreneur start-up company under section 97T(2) in force immediately before the date of commencement of the Economic Expansion Incentives (Relief from Income Tax) (Amendment No. 2) Act 2004.”.