Clause 24
Amendment of section 19
of Income Tax (Amendment) Bill
BillNot in forceProvision 24 of 50
Clause 24
Section 19(5) of the principal Act is amended by deleting paragraph (a) and substituting the following paragraph:“(a)a taxi, and then only to the following:
(i)
a person that is not an individual and that holds a licence under section 111B of the Road Traffic Act (called in this paragraph a taxi service operator licence);
(ii)
an individual who is a partner of the partnership that acquired the taxi and holds a taxi service operator licence;
(iii)
an individual who —
(A)
acquired the taxi as a replacement or a subsequent replacement of a taxi acquired by him any time before 1 January 1975; and
(B)
holds a vocational licence granted under section 110 of the Road Traffic Act authorising him to drive a taxi;”.