Section OB 76 — Income Tax Act 2007: Statutory producer boards attaching FDP credits

OB 76 Statutory producer boards attaching FDP credits FDP credits attached (1) A statutory producer board that is an FDPA company may choose, for an income year, to attach an FDP credit to a cash distribution or a notional distribution. An FDP credit may be attached in conjunction with an imputation credit. Application of provisions (2) Sections OB 73 to OB 75 and OB 77 apply, modified as necessary, to the producer board, the distribution, and the FDP credit. Both credits at once (3) A producer board may choose to attach both an imputation credit and an FDP credit as part of 1 distribution. Defined in this Act: FDP credit , FDPA company , imputation credit , income year , statutory producer board , Compare: 2004 No 35 s ME 34