Section OP 11B — Income Tax Act 2007: Consolidated ICA expenditure on research and development

OP 11B Consolidated ICA expenditure on research and development Credit (1) A consolidated imputation group has an imputation credit for an amount of a tax credit that a group 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 O19: imputation credits of consolidated groups, row 6B (tax credit for research and development expenditure). Credit date (3) The credit date is the day the return of income relating to the amount, is filed. Defined in this Act: amount , Commissioner , company , consolidated imputation group , imputation credit , return of income , tax credit Compare: 2004 No 35 s ME 11(1)(ib), (2)(db) Section OP 11B: inserted, on 1 April 2008, by section 515 of the Taxation (Business Taxation and Remedial Matters) Act 2007 (2007 No 109).