Allowance Suspended
(Parliamentary Reporter) WELLINGTON, June 16 Because imports had to be limited, the taxation investment allowances granted in 1963 would be suspended, said the Minister of Finance (Mr Lake), in the Budget. “It is hoped that it will be possible to reintroduce the allowance next year. As the Investment allowance on plant, machinery and buildings for use in redevelopment projects on the West Coast of the South Island had been beneficial, it would be continued at a reduced rate of 10 per cent, said Mr Lake.
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https://paperspast.natlib.govt.nz/newspapers/CHP19660617.2.12
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Press, Volume CVI, Issue 31088, 17 June 1966, Page 1
Word count
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87Allowance Suspended Press, Volume CVI, Issue 31088, 17 June 1966, Page 1
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