Investment in eligible start-up extended to broaden qualifying reinvestment options and permit computers as qualifying new assets. Amendment to section 54GB expands qualifying reinvestment options by extending the applicable cut-off date for investments in an eligible start-up, adding 'eligible business' as a permissible form of new asset application, importing definitions of 'eligible start-up' and 'eligible business' from the explanation to the start-up incentive provision, and permitting computers and computer software to qualify as new assets where the eligible start-up is certified as technology driven.
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Provisions expressly mentioned in the judgment/order text.
Investment in eligible start-up extended to broaden qualifying reinvestment options and permit computers as qualifying new assets.
Amendment to section 54GB expands qualifying reinvestment options by extending the applicable cut-off date for investments in an eligible start-up, adding "eligible business" as a permissible form of new asset application, importing definitions of "eligible start-up" and "eligible business" from the explanation to the start-up incentive provision, and permitting computers and computer software to qualify as new assets where the eligible start-up is certified as technology driven.
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