5Temporary budget repair levy

5 Temporary budget repair levy

(1) This section applies if the income year in which the amount is included as mentioned in paragraph 14‑155(1)(b) in Schedule 1 to the Taxation Administration Act 1953 is a temporary budget repair levy year. (2) Increase the rate of tax worked out under section 4 by 2 percentage points. (3) In this section:

temporary budget repair levy year means an income year corresponding to a temporary budget repair levy year (within the meaning of section 4‑11 of the Income Tax (Transitional Provisions) Act 1997).