Rate reduction in tax schedule: prescribed percentage in rule substituted, changing the statutory calculation under that rule. Amendment substitutes the prescribed percentage in the Second Schedule by replacing the previously specified rate with a lower rate in sub-rule (3) of rule 68A, the substitution given statutory effect from the enactment's operative date and thereby altering the numeric parameter that governs the applicable tax calculation under that schedule.
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Rate reduction in tax schedule: prescribed percentage in rule substituted, changing the statutory calculation under that rule.
Amendment substitutes the prescribed percentage in the Second Schedule by replacing the previously specified rate with a lower rate in sub-rule (3) of rule 68A, the substitution given statutory effect from the enactment's operative date and thereby altering the numeric parameter that governs the applicable tax calculation under that schedule.
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