Section DV 12 — Income Tax Act 2007: Maori authorities: donations

DV 12 Maori authorities: donations Deduction (1) A Maori authority is allowed a deduction for— (a) a donation that it makes to a Maori association, as defined in the Maori Community Development Act 1962 , for the purposes of the Act: (b) a charitable or other public benefit gift that it makes to a donee organisation. Amount of deduction (2) The deduction for the total of all donations and gifts made in an income year is limited to the amount that would be the Maori authority’s net income in the corresponding tax year in the absence of this section. Link with subpart DA (3) This section supplements the general permission and overrides the capital limitation. The other general limitations still apply. Defined in this Act: amount , capital limitation , charitable or other public benefit gift , deduction , donee organisation , general limitation , general permission , income year , Maori authority , net income , supplement , tax year Compare: 2004 No 35 s DV 11 Section DV 12(1)(b): amended, on 6 January 2010, by section 108(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34). Section DV 12(1)(b): amended, on 1 April 2008, by section 348(1) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109). Section DV 12(2): amended, on 1 April 2008, by section 348(2) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109). Section DV 12 list of defined terms donee organisation : inserted, on 6 January 2010, by section 108(2) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).