Northern Territory budget papers 2003 - 2004
2003/04 Budget paper
Northern Territory. Department of Treasury
Northern Territory budget papers; E-Journals; PublicationNT
2003-05-29
Made available via the Publications (Legal Deposit) Act 2004 (NT).; Please Note: This can't be read online. Please download to read the documents
Northern Territory Budget paper No. 01 2003-04 Speech and Appropriation Bill -- Northern Territory Budget paper No. 02 2003-04 Fiscal and Economic Outlook -- Northern Territory Budget paper No. 03 2003-04 The Budget -- Northern Territory Budget paper No. 04 2002-03 Capital Works Program -- Northern Territory Budget paper No. 05 2002-03 Budget Overview -- Budget paper No. 06 2002-03 NT Economy -- Northern Territory Budget paper No. 07 2002-03 Regional Highlights -- Northern Territory Budget paper No. 08 2002-03 Building Territory Business
English
Appropriations and expenditures; Periodicals; Budget; Finance, Public
Northern Territory Government
Darwin
2003/04
application/pdf
Attribution International 4.0 (CC BY 4.0)
Northern Territory Government
https://creativecommons.org/licenses/by/4.0/
https://hdl.handle.net/10070/591859 [LANT: E-Journals: Northern Territory Budget paper No. 01 2003-04 The Speech and Appropriation Bill]; https://hdl.handle.net/10070/591861 [LANT: E-Journals: Northern Territory Budget paper No. 02 2003-04 Fiscal and Economic Outlook]; https://hdl.handle.net/10070/591863 [LANT: E-Journals: Northern Territory Budget paper No. 03 2003-04 The Budget]; https://hdl.handle.net/10070/591865 [LANT: E-Journals: Northern Territory Budget paper No. 04 2003-04 Capital Works Program]; https://hdl.handle.net/10070/591867 [LANT: E-Journals: Northern Territory Budget paper No. 05 2003-04 Budget Overview]; https://hdl.handle.net/10070/591869 [LANT: E-Journals: Northern Territory Budget paper No. 06 2003-04 NT Economy]; https://hdl.handle.net/10070/591871 [LANT: E-Journals: Northern Territory Budget paper No. 07 2003-04 Regional Highlights]; https://hdl.handle.net/10070/591873 [LANT: E-Journals: Northern Territory Budget paper No. 08 2003-04 Building Territory Business]
https://hdl.handle.net/10070/244898
https://hdl.handle.net/10070/591861
https://hdl.handle.net/10070/591865; https://hdl.handle.net/10070/591867; https://hdl.handle.net/10070/591869; https://hdl.handle.net/10070/591871; https://hdl.handle.net/10070/591873; https://hdl.handle.net/10070/591859; https://hdl.handle.net/10070/591863
Fiscal and Economic Outlook 102 ______________________________________________________________________________________________ Motor Vehicle Registration Fees 2003-04 2004-05 2005-06 2006-07 Tax expenditure ($ million) 0.6 0.6 0.6 0.6 The estimated tax expenditure reported above is comprised of the following. PENSIONER VEHICLE CONCESSION The holder of a Pensioner Concession Card is able to receive a flat $104 concession from motor vehicle registration fees. Actual motor vehicle registration fee data for past years has been used to estimate this item of tax expenditure. Mineral Royalties 2003-04 2004-05 2005-06 2006-07 Tax expenditure ($ million) 10.3 9.6 9.7 9.9 The benchmark tax base is assumed to be all profitable mining operations in the Northern Territory. The benchmark tax rate is assumed to be the rate of royalty that will apply in 2003-04, being 18 per cent. The estimated tax expenditure reported above is comprised of the following. ELIGIBLE EXPLORATION EXPENDITURE Royalty payers are able to reduce the amount of royalty that they pay in the Territory for eligible exploration expenditure (EEE) that they incur for their mining operations in the Territory. However, the amount by which royalty may be reduced in this manner is limited to a maximum of 25 per cent of the amount that would otherwise be payable. Prior to 1 July 2003, EEE could be used to reduce royalty by up to 35 per cent. The estimated cost of this concession is based on projected future mineral royalty collections, assuming that royalty payers will seek to maximise their royalty deduction by using EEE. Gambling Taxes 2003-04 2004-05 2005-06 2006-07 Tax expenditure ($ million) 12.3 12.4 7.1 7.3 The estimated tax expenditure reported above is comprised of the following. GAMING MACHINE CONCESSIONS FOR LICENSED CLUBS The benchmark tax base is assumed to be all gaming machines operated by licensed clubs and hotels in the Northern Territory. The benchmark tax rate is assumed to be the highest marginal tax rate that will apply in 2003-04 (including the 10 per cent Community Benefit Levy), being 52.91 per cent. A concessional graduated tax scale applies to gaming machines operated by licensed clubs. The marginal tax rates are applied to the monthly gaming machine metered win revenue, with the top tax rate applying to the portion of such revenue that exceeds $150 000 for any licensed club. The cost of this concession is based on projected gaming machine revenue from licensed community gaming machine operators (ie. clubs and hotels).