Deduction eligibility revised to an eligibility standard, and statutory monetary caps increased under the provision. Amendment replaces an approval-based qualification with a requirement that the contribution or expenditure be eligible for deduction under the linked ... Summary
Deduction eligibility revised to an eligibility standard, and statutory monetary caps increased under the provision.
Amendment replaces an approval-based qualification with a requirement that the contribution or expenditure be eligible for deduction under the linked deduction clause, and raises two specified monetary caps in the provision, the increases to take effect from the statute's forthcoming fiscal commencement date.
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