Long Title

Enacting Formula

Consequential amendments to Economic Expansion Incentives (Relief from Income Tax) Act
55.  The Economic Expansion Incentives (Relief from Income Tax) Act (Cap. 86) is amended —
(a)
by inserting, immediately after “18,” in section 10(2), (3), (5) and (8), “18B, 18C,”;
(b)
by deleting the words “an industrial building” in section 10(6) and substituting the words “any building”;
(c)
by deleting the words “any industrial building” in section 10(8) and substituting the words “any building”;
(d)
by deleting the words “or 43ZD” in the definition of “concessionary income” in section 66(1) and substituting the words “, 43ZD or 43ZE”; and
(e)
by inserting, immediately after section 74, the following section:
No investment allowance for certain expenditure
74A.  No investment allowance shall be granted for any amount of fixed capital expenditure incurred on the acquisition of any know-how, patent rights or productive equipment for which an allowance has been claimed under section 19A(2A) or (2B) or 19B(1A) or (1B) of the Income Tax Act (Cap. 134).”.