House of Representatives

Income Tax Assessment Amendment (Research and Development) Bill 1986

Income Tax Assessment Amendment (Research and Development) Act 1986

Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon. P.J. Keating, M.P.)
This memorandum takes account of amendments made by the Senate to the Bill as introduced.

FINANCIAL IMPACT

The estimated cost of the concession for expenditure in respect of research and development activities is $100m in 1986-87, $140m in 1987-88, rising to $160m in a full year.

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