Section 27
ActRepealedProvision 27 of 40
Section 27
(a)
where such expanding enterprise has incurred new capital expenditure not exceeding $250,000, continue for a period of 3 years;
Investment Incentives 32
(b)
where such expanding enterprise has incurred new capital expenditure exceeding $250,000, continue for a period of 5 years.
(2)
Notwithstanding subsection (1) of this section, where the tax relief period of an expanding enterprise is 3 years and the Board is satisfied that is has incurred by the end of that period new capital expenditure of not less than $250,000, it may extend the tax relief period to 5 years.
Tax relief.