Section EJ 7 — Income Tax Act 2007: Film production expenditure for New Zealand films having no large budget film grant

EJ 7 Film production expenditure for New Zealand films having no large budget film grant New Zealand films (1) A deduction under section DS 2 (Film production expenditure) for film production expenditure is allocated under this section if— (a) the film is not one for which a large budget film grant is made; and (b) the film has a final certificate under section EJ 6 . Timing of deduction: up to completion of film (2) A deduction for film production expenditure incurred in or before the income year in which the film is completed is allocated to the income year in which the film is completed. Timing of deduction: after completion of film (3) A deduction for film production expenditure incurred after the film is completed is allocated to the income year in which it is incurred. Defined in this Act: completed , deduction , film , film production expenditure , income year , large budget film grant , New Zealand Compare: 2004 No 35 s EJ 7 Section EJ 7 heading: amended (with effect on 1 January 2010), on 7 September 2010, by section 34(1) of the Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Act 2010 (2010 No 109). Section EJ 7 heading: amended, on 1 January 2010, by section 125(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34). Section EJ 7 heading: amended, on 1 April 2008, by section 362(1) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109). Section EJ 7(1): substituted, on 1 April 2008, by section 362(2) of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109). Section EJ 7(1)(a): substituted, on 1 January 2010, by section 125(2) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34). Section EJ 7(1)(a): amended (with effect on 1 January 2010), on 7 September 2010, by section 34(2) of the Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Act 2010 (2010 No 109). Section EJ 7 list of defined terms government screen production payment : repealed (with effect on 1 January 2010), on 7 September 2010, by section 34(3)(a) of the Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Act 2010 (2010 No 109). Section EJ 7 list of defined terms large budget film grant : inserted (with effect on 1 January 2010), on 7 September 2010, by section 34(3)(b) of the Taxation (Annual Rates, Trans-Tasman Savings Portability, KiwiSaver, and Remedial Matters) Act 2010 (2010 No 109).