Amendment to prescribed deduction reduces the statutory deduction amount under clause (x), altering taxpayer benefit applicability. The amendment substitutes a lower monetary amount for the previously specified figure at both occurrences in the identified deduction clause of subsection ... Summary
Amendment to prescribed deduction reduces the statutory deduction amount under clause (x), altering taxpayer benefit applicability.
The amendment substitutes a lower monetary amount for the previously specified figure at both occurrences in the identified deduction clause of subsection (1), reducing the prescribed deduction threshold and taking effect from the stated date in the amending legislation.
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