Income-tax rebate change narrows eligibility and lowers the capped benefit for resident individual taxpayers. Amendment reduces the scope of the rebate of income-tax for resident individuals by substituting a lower income eligibility threshold and a lower monetary cap on the rebate, thereby narrowing qualifying taxpayers and reducing the capped benefit; the substitution is prospective and applies to the specified assessment year and subsequent years.
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Income-tax rebate change narrows eligibility and lowers the capped benefit for resident individual taxpayers.
Amendment reduces the scope of the rebate of income-tax for resident individuals by substituting a lower income eligibility threshold and a lower monetary cap on the rebate, thereby narrowing qualifying taxpayers and reducing the capped benefit; the substitution is prospective and applies to the specified assessment year and subsequent years.
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