Section OK 2 — Income Tax Act 2007: MACA payment of tax

OK 2 MACA payment of tax Credit (1) A Maori authority has a Maori authority credit for a payment of income tax or provisional tax. Subsection (3) overrides this subsection. Table reference (2) The Maori authority credit in subsection (1) is referred to in table O17: Maori authority credits, row 2 (payment of tax). No credit (3) No credit under subsection (1) arises for— (a) income tax paid for a tax year before the 2004–05 tax year; or (b) income tax paid for income derived when the Maori authority was not a Maori authority; or (c) income tax paid by a credit under section LE 1 (Tax credits for imputation credits); or (cb) income tax paid by a tax credit under subpart LA (Tax credits and other credits) and section LH 2 (Tax credits relating to expenditure on research and development); or (d) further income tax applied under section OK 23 to pay income tax or provisional tax. Credit date (4) The credit date is the day the tax is paid. Defined in this Act: further income tax , income , income tax , Maori authority , Maori authority credit , pay , provisional tax , tax year , Compare: 2004 No 35 s MK 4(1)(a), (2)(a) Section OK 2(3)(cb): substituted (with effect on 1 April 2008), on 6 October 2009, by section 440(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).