Clause 1
Short title
This Act may be cited as the Economic Expansion Incentives (Relief from Income Tax) (Amendment) Act, 1980.
/akn/sg/act/bill/1980/28
Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill
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- Type
- Bill
- Status
- In force
- Enacted
- 1980
- Sections
- 3
Quick answer
About this bill
Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill is Singapore Bill, cited as Bill 28 1980, currently marked in force and first recorded in 1980.
Clause 2
Amendment of section 46A
Section 46A of the Economic Expansion Incentives (Relief from Income Tax) Act is amended —
(a)
by inserting, immediately after the word “Singapore” at the end of the definition of “fixed capital expenditure” in subsection (1), the following words: —“; and the reference to factory building in this definition shall, in relation to a project under paragraph (b) or (c) of subsection (1) of section 46B, include a building used for carrying out that project”; and
(b)
by deleting the full-stop at the end of the definition of “investment day” in subsection (1) and substituting a semi-colon, and by inserting immediately thereafter the following definition: —“ “research and development” has the same meaning as in the Income Tax Act (Cap. 141).”.
Clause 3
Amendment of section 46B
Section 46B of the Economic Expansion Incentives (Relief from Income Tax) Act is amended by deleting subsection (1) and substituting the following: —“(1) Where a company proposes to carry out a project —
(a)
for the manufacture or increased manufacture of any product;
(b)
for the provision of specialised engineering or technical services; or
(c)
for research and development,it may apply in the prescribed form to the Minister for the approval of an investment allowance in respect of the fixed capital expenditure for the project.”.
Common questions
- What is Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill?
- Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill is Singapore Bill, cited as Bill 28 1980, currently marked in force and first recorded in 1980.
- Is Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill still in force?
- Yes — Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill is currently in force.
- When did Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill take effect?
- Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill was first recorded in 1980.
- How many clauses does Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill have?
- Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill contains 3 clauses.
- Where can I read the official version of Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill?
- The official text of Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill is published at sso.agc.gov.sg.