Section LZ 2 — Income Tax Act 2007: Certain development projects

LZ 2 Certain development projects When this section and sections LZ 3 to LZ 5 apply (1) This section and sections LZ 3 to LZ 5 apply to a non-resident investment company in relation to the development projects set out in the orders listed in subsection (2). Development projects (2) The development projects are specified in the following orders: (a) the Income Tax (Non-Resident Investment Companies) Order 1970 (SR 1970/138); or (b) the Income Tax (Non-Resident Investment Companies) Order 1972 (SR 1972/19); or (c) the Income Tax (Non-Resident Investment Companies) Order (No 2) 1972 (SR 1972/248); or (d) the Income Tax (Non-Resident Investment Companies) Order (No 3) 1974 (SR 1974/277). Relationship with sections KF 1, NF 1(2)(a)(vi), NG 1(2)(f), and OB 5 (3) Despite the repeal of sections KF 1, NF 1(2)(a)(vi), NG 1(2)(f), and OB 5 by sections 13, 21, 22, and 26 of the Income Tax Act 1994 Amendment Act (No 3) 1995, a non-resident investment company, in relation to the development projects described in subsection (2), continues to be eligible for the tax credits referred to in sections LZ 3 and LZ 4 . Defined in this Act: non-resident investment company , tax credit , Compare: 2004 No 35 s KZ 3(1), (4)