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\fs24\lang2057\langfe5129\langnp2057\insrsid8530992\charrsid8136067 commencement \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 2.}{\fs24\lang2057\langfe5129\langnp2057\insrsid8530992\charrsid8136067 }{\fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 100% depreciation rate for}{ \fs24\lang2057\langfe5129\langnp2057\insrsid8530992\charrsid8136067 }{\fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 new property \par }\pard \ql \li0\ri0\widctlpar\tx4032\faauto\adjustright\rin0\lin0\itap0\pararsid8530992 {\fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 3}{\fs24\lang2057\langfe5129\langnp2057\insrsid8530992\charrsid8136067 . }{ \fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 Consequential repeal \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid8530992 {\fs24\lang2057\langfe5129\langnp2057\insrsid8530992\charrsid8136067 \par }\pard \qc 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\fs24\ul\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 HYPERLINK http://Act.to }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid15353159\charrsid8136067 {\*\datafield 00d0c9ea79f9bace118c8200aa004ba90b0200000003000000e0c9ea79f9bace118c8200aa004ba90b1e00000068007400740070003a002f002f006100630074002e0074006f002f000000000000000000}}}{\fldrslt {\fs24\ul\lang2057\langfe5129\langnp2057\insrsid8530992\charrsid8136067 Act}{ \fs24\ul\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 to}}}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 amend the Income Tax Act 1997 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid8530992 {\fs24\lang2057\langfe5129\langnp2057\insrsid8530992\charrsid8136067 \par }\pard \qr \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid8530992 {\fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 (9 April 2003}{\fs24\lang2057\langfe5129\langnp2057\insrsid8530992\charrsid8136067 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid8530992 {\fs24\lang2057\langfe5129\langnp2057\insrsid8530992\charrsid8136067 \par }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 BE IT ENACTED}{\fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 by the Parliament of the Cook Islands in Session assembled, and by}{ \fs24\lang2057\langfe5129\langnp2057\insrsid8530992\charrsid8136067 }{\fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 the authority of the same as follows: \par }\pard \ql \li0\ri0\widctlpar\tx1296\faauto\adjustright\rin0\lin0\itap0\pararsid8530992 {\fs24\lang2057\langfe5129\langnp2057\insrsid8530992\charrsid8136067 \par 1}{\fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 .}{\fs24\lang2057\langfe5129\langnp2057\insrsid8530992\charrsid8136067 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 Short title and commencement}{ \fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 }{\fs24\lang2057\langfe5129\langnp2057\insrsid8530992\charrsid8136067 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 (1) This Act: may be cited as the Income Tax Amendment Act 2003 and shall be read together with and deemed part of the Income Tax Act 1997 (}{\fs24\lang2057\langfe5129\langnp2057\insrsid8136067 "}{ \fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 the principal Act}{\fs24\lang2057\langfe5129\langnp2057\insrsid8136067 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 ). \par }\pard \ql \li0\ri0\widctlpar\tx1872\faauto\adjustright\rin0\lin0\itap0\pararsid8530992 {\fs24\lang2057\langfe5129\langnp2057\insrsid8530992\charrsid8136067 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 (2)}{\fs24\lang2057\langfe5129\langnp2057\insrsid8530992\charrsid8136067 This Act is deem}{\fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 ed to have come into force immediately after th}{\fs24\lang2057\langfe5129\langnp2057\insrsid1521194\charrsid8136067 e coming into force of section 6}{\fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 of the Income Tax Amendment Act 2002. \par }\pard \ql \li0\ri0\widctlpar\tx1296\tx5040\faauto\adjustright\rin0\lin0\itap0\pararsid8530992 {\fs24\lang2057\langfe5129\langnp2057\insrsid8530992\charrsid8136067 \par }{\fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 2.}{\fs24\lang2057\langfe5129\langnp2057\insrsid8530992\charrsid8136067 }{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 100 % depreciation rate for new property}{\fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 }{\fs24\lang2057\langfe5129\langnp2057\insrsid8530992\charrsid8136067 - }{ \b\fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 Section 45}{\fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 of the princi}{\fs24\lang2057\langfe5129\langnp2057\insrsid8530992\charrsid8136067 pal Act (as amended by section 6}{\fs24\lang2057\langfe5129\langnp2057\insrsid6577045\charrsid8136067 of the Income }{\fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 Tax Amendment Act 2002) is amended by}{ \fs24\lang2057\langfe5129\langnp2057\insrsid5448731\charrsid8136067 -}{\fs24\lang2057\langfe5129\langnp2057\insrsid8530992\charrsid8136067 \par \par }\pard \ql \li720\ri0\widctlpar\tx1296\tx5040\faauto\adjustright\rin0\lin720\itap0\pararsid8530992 {\fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 (a)}{\fs24\lang2057\langfe5129\langnp2057\insrsid8530992\charrsid8136067 Omitting from }{\b\fs24\lang2057\langfe5129\langnp2057\insrsid8530992\charrsid8136067 subsectio}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid8136067 n (1}{\b\fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 )}{ \fs24\lang2057\langfe5129\langnp2057\insrsid8530992\charrsid8136067 the words }{\fs24\lang2057\langfe5129\langnp2057\insrsid8136067 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid8530992\charrsid8136067 and before 1 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 April 2003}{\fs24\lang2057\langfe5129\langnp2057\insrsid8136067 "}{\fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 ; and \par }\pard \ql \li0\ri0\widctlpar\tx2448\faauto\adjustright\rin0\lin0\itap0\pararsid8530992 {\fs24\lang2057\langfe5129\langnp2057\insrsid8530992\charrsid8136067 \par }\pard \ql \li720\ri0\widctlpar\tx2448\faauto\adjustright\rin0\lin720\itap0\pararsid8530992 {\fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 (b)}{\fs24\lang2057\langfe5129\langnp2057\insrsid8530992\charrsid8136067 }{ \fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 Omitting the heading of tha}{\fs24\lang2057\langfe5129\langnp2057\insrsid11621973\charrsid8136067 t section, and substituting the}{ \fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 following heading: \par }\pard \ql \li0\ri0\widctlpar\tx3456\faauto\adjustright\rin0\lin0\itap0\pararsid8530992 {\fs24\lang2057\langfe5129\langnp2057\insrsid8530992\charrsid8136067 \par }\pard \ql \li1440\ri0\widctlpar\tx3456\faauto\adjustright\rin0\lin1440\itap0\pararsid8530992 {\fs24\lang2057\langfe5129\langnp2057\insrsid8136067 "}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid8530992\charrsid8136067 1}{ \fs24\ul\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 00}{\fs24\ul\lang2057\langfe5129\super\langnp2057\insrsid16397784\charrsid8136067 %}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 depreciation rate for new proper}{\fs24\lang2057\langfe5129\langnp2057\insrsid8136067 "}{\fs24\ul\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid8530992 {\fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 \par }\pard \ql \li0\ri0\widctlpar\tx1152\faauto\adjustright\rin0\lin0\itap0\pararsid8530992 {\fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 3.}{\fs24\lang2057\langfe5129\langnp2057\insrsid8530992\charrsid8136067 }{ \fs24\ul\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 Consequential repeal}{\fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 }{\fs24\lang2057\langfe5129\langnp2057\insrsid8530992\charrsid8136067 -}{ \fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 Section 6 of the Income Tax Amendment Act 2002 is repealed. \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid8530992 {\fs24\lang2057\langfe5129\langnp2057\insrsid16345075\charrsid8136067 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid16345075 {\fs24\lang2057\langfe5129\langnp2057\insrsid11621973\charrsid8136067 ------------------------------------------}{ \fs24\lang2057\langfe5129\langnp2057\insrsid16345075\charrsid8136067 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid8530992 {\fs24\lang2057\langfe5129\langnp2057\insrsid16345075\charrsid8136067 \par }\pard \qc \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid11621973 {\fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 This Act is administered in the Revenue Management Division of the Ministry of Finance and }{ \fs24\lang2057\langfe5129\langnp2057\insrsid16345075\charrsid8136067 Economic Management.}{\fs24\lang2057\langfe5129\langnp2057\insrsid16397784\charrsid8136067 \par }\pard \ql \li0\ri0\widctlpar\faauto\adjustright\rin0\lin0\itap0\pararsid8530992 {\fs24\lang2057\langfe5129\langnp2057\insrsid16345075\charrsid8136067 \par }}