Eligible assets or upgrades will need to be first used or installed ready for use between 1 July 2023 and 30 June 2024. This measure is not yet law.
The measure will help small businesses make investments like:
Up to $100,000 of total expenditure will be eligible for the incentive, with the maximum bonus tax deduction being $20,000 per business.
For more information, see the Hon Dr Jim Chalmers MP joint media release Small Business Energy Incentive, 30 April 2023.
This measure is not yet law.
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