Land Tax Acts Amendment Act of 1966 (Qld)

126 Q11$E215 a x1 ANNO QTJINTO DECIMO ELIZABETHAE SECUNDAE REGINAE No. 16 of 1966 An Act to Amend "The Land Tax Acts, 1915 to 1965," in certain particulars [ASSENTED TO 12TH DECEMBER, 1966] BE 1T ENACTED by the Queen's Most Excellent Majesty, by and with the advice and consent of the Legislative Assembly of Queensland in Parliament assembled, and by the authority of the same, as follows:- 1. (1) Short title . T his Act may be cited as "The Land Tax Acts Amendment Act of 1966." (2) Principal Act. "The Land Tax Acts, 1915 to 1965," are in this Act called the Principal Act. (3) Collective title. The Principal Act and this Act may be collectively cited as " The Land Tax Acts, 1915 to 1966."

Land Tax Acts Amendment Act of 1966, No. 16 127 2. Commencement of Act. This Act shall be deemed to have come into operation on the Twenty-ninth day of June one thousand nine hundred and sixty-six and shall have retrospective effect accordingly. 3. Amendments to s. 9. Section nine of the Principal Act is amended by- (a) repealing subsection (2) and inserting i&its stead the following subsection:- " (2) Where the amount of the taxable value is three hundred and forty thousand dollars or more, the rate of land tax shall be 2.5 cents for every dollar of the amount of the taxable value."; (b) in subsection (3), (i) omitting the words " one hundred and forty thousand pounds " and inserting in their stead the words " three hundred and forty thousand dollars "; (ii) omitting the Table and inserting in its stead the following Table:- " TABLE First Column Amount of Taxable Value I Second Column Amounts and Rates If the amount of the taxable value- Is less than S2,000 0-4c in each and every S Is $2,000 or more, but is less than $8.00 plus 0-8c in each and every $ $4,000 in excess of $2,000 Is $4,000 or more, but is less than $24.00 plus 1-2c in each and every $ $6,000 in excess of $4,000 Is $6,000 or more, but is less than $48.00 plus 1-6c in each and every $ $8,000 in excess of $6,000 Is $8,000 or more, but is less than $80.00 plus 1,8c in each and every $ $10,000 in excess of $8,000 Is $10,000 or more, but is less than $116.00 plus 2c in each and every S $50,000 in excess of $10,000 Is $50,000 or more, but is less than $916.00 plus 2-2c in each and every $ $100,000 in excess of $50;000 Is $100,000 or more , but is less $2,016.00 plus 2-4c in each and every than $160,000 $ in excess of $100,000 Is $160,000 or more, but is less $3,456.00 plus 2-6c in each and every than $220,000 $ in excess of $160,000 Is $220,000 or more, but is less $5,016.00 plus 2-8c in each and every than $280,000 $ in excess of $220,000 Is $280 , 000 or more , but is less $6,696.00 plus 3c in each and every than $340,000 $ in excess of $280,000 "

128 Land Tax Acts Amendment Act of 1966, No. 16 4. Amendment to s. 14 . Section fourteen of the Principal Act is amended by, in subsection (1), omitting the words " threepence and one-half of a penny for every £1 " and inserting in their stead the words " 1.5 cents for every dollar ".