Section OB 7C — Income Tax Act 2007: ICA expenditure on research and development

OB 7C ICA expenditure on research and development Credit (1) An ICA company has an imputation credit for an amount of a tax credit that the company has under section LH 2 (Tax credits relating to expenditure on research and development). Table reference (2) The imputation credit in subsection (1) is referred to in table O1: imputation credits, row 5C (tax credit for research and development expenditure). Credit date (3) The credit date is the day the Commissioner is notified in the company's return of income of the entitlement to the credit. Defined in this Act: amount , Commissioner , ICA company , imputation credit , return of income , tax credit Compare: 2004 No 35 s ME 4(1)(ib), (2)(g) Section OB 7C: inserted, on 1 April 2008, by section 495 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).