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About: Flood levy     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatProposedLaws, within Data Space : dbpedia.org associated with source document(s)

Type: yago:Abstraction100002137yago:Collection107951464yago:Group100031264yago:Law108441203organisationyago:WikicatProposedLaws New Facet based on Instances of this Class

The flood levy was a temporary reconstruction tax that funded the reconstruction of affected parts of Queensland, Australia, following the 2010–2011 Queensland floods. The proposal passed Parliament on 22 March 2011. This levy applied to those with a taxable income of more than $50,000 a year, coming into effect from 1 July 2011. Preliminary estimates, following consultation with the Queensland Government, concluded that the Commonwealth Government needed co-investment of $5.6 billion. Two-thirds of that cost was delivered through budget cuts.