/akn/sg/act/bill/2007/2

Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill

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Type: Bill
Status: In force
Enacted: 2007
Sections: 3

Quick answer

About this bill

Economic Expansion Incentives (Relief from Income Tax) (Amendment) Bill is Singapore Bill, cited as Bill 2 2007, currently marked in force and first recorded in 2007.

Clause 1

Short title and commencement

This Act may be cited as the Economic Expansion Incentives (Relief from Income Tax) (Amendment) Act 2007.(2) Sections 2(c) and (d) and 3 shall be deemed to have come into operation on 9th September 2004.

(1)

This Act may be cited as the Economic Expansion Incentives (Relief from Income Tax) (Amendment) Act 2007.

(2)

Sections 2(c) and (d) and 3 shall be deemed to have come into operation on 9th September 2004.

Clause 2

Amendment of section 66

Section 66 of the Economic Expansion Incentives (Relief from Income Tax) Act is amended —

(a)

by deleting “43L,” in the definition of “concessionary income” in subsection (1);

(b)

by deleting the words “or 43S” in the definition of “concessionary income” in subsection (1) and substituting the words “, 43S, 43T, 43U, 43V, 43W or 43X”;

(c)

by inserting, immediately after the words “section 67(1)(h)” in paragraph (c) of the definition of “fixed capital expenditure” in subsection (1), the words “or (i)”; and

(d)

by inserting, immediately after the words “section 67(1)(h)” in subsection (2)(c), the words “or (i)”.

Clause 3

Amendment of section 67

Section 67 of the Economic Expansion Incentives (Relief from Income Tax) Act is amended —

(a)

by deleting the comma at the end of paragraph (h) of subsection (1) and substituting the word “; or”, and by inserting immediately thereafter the following paragraph:“(i)for the provision of maintenance, repair and overhaul services to any aircraft,”;

(b)

by inserting, immediately after the words “subsection (1)(h)” in subsection (3), the words “or (i)”; and

(c)

by inserting, immediately after subsection (5), the following subsection:“(6) No approval under this section shall be granted to any company in respect of any project under subsection (1)(i) on or after 9th September 2009.”.

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 2 2007, currently marked in force and first recorded in 2007.
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 2007.
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.