Section OK 4B — Income Tax Act 2007: MACA expenditure on research and development

OK 4B MACA expenditure on research and development Credit (1) A Maori authority has a Maori authority credit for an amount of a tax credit that the authority has under section LH 2 (Tax credits relating to expenditure on research and development). Table reference (2) The Maori authority credit in subsection (1) is referred to in table O17: Maori authority credits, row 4B (tax credit for research and development expenditure). Credit date (3) The credit date is the day the authority's return of income is filed. Defined in this Act: amount , Commissioner , Maori authority credit , return of income , tax credit Compare: 2004 No 35 s MK 4(1)(gb), (2)(db) Section OK 4B: inserted, on 1 April 2008, by section 511 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).