The bill proposed various changes, including adjustments to the Commercial and Industrial Property Tax Reform Act 2024, refining the criteria for transactions eligible under the commercial and industrial property tax scheme.
The Victorian government has introduced the State Taxation Further Amendment Bill 2025 to Parliament, aiming to update several key tax laws. The bill seeks to refine existing frameworks for property, land, and building taxes, while also modernising levy and duty provisions to reflect current policy priorities.
The proposed changes include adjustments to the Commercial and Industrial Property Tax Reform Act 2024, refining the criteria for transactions eligible under the commercial and industrial property tax scheme.
Amendments to the Congestion Levy Act 2005 have also been introduced, which focus on revising the levy amount and introducing concessions for specific parking spaces.
Furthermore, the bill updates the Duties Act 2000 and the Land Tax Act 2005 with new provisions concerning New Zealand citizens and introduces exemptions for land with temporary residences.
Finally, the legislation addresses the Building Act 1993 by revising the calculation and administration of the building permit levy, including validation provisions, and proposes to increase payments under the Domestic Animals Act 1994.
