Interest tax amendment revises eligible entities to credit institutions and narrows the covered time period for applicability. The amendment to section 6 substitutes the term scheduled banks with credit institutions in the specified subsection and replaces the phrase referring to ... Summary
Interest tax amendment revises eligible entities to credit institutions and narrows the covered time period for applicability.
The amendment to section 6 substitutes the term scheduled banks with credit institutions in the specified subsection and replaces the phrase referring to liabilities "after the 31st day of March, 1985" with a defined applicability period "commencing on the 1st day of April, 1985 and ending with the 30th day of September, 1991."
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