Section LH 14B — Income Tax Act 2007: Recovery of overpaid tax credit

LH 14B Recovery of overpaid tax credit When this section applies (1) This section applies when the Commissioner considers the amount of a tax credit under this subpart that is used under sections LA 2 , LA 6(2) , or LH 2(6) (which relate to tax credits) for a tax year is more than the proper amount. Recovery of overpayment (2) The Commissioner may recover the excess as if it were income tax payable by the person. Defined in this Act: amount , Commissioner , income tax , pay , tax credit , tax year Section LH 14B: inserted (with effect on 1 April 2008), on 6 October 2009, by section 334(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).