Withdrawal - Income tax: are rural producers entitled to a deduction under section 73B of the Income Tax Assessment Act (the Act) for levies imposed on their produce to fund research and development (R & D) administered by the R & D Corporations as developed by the Department of Primary Industries and Energy?

Draft Taxation Determination TD 94/D54 is withdrawn with effect from today.

Taxpayers who might otherwise be eligible under section 73B to claim a deductions for such levies should refer to Taxation Ruling IT 2451, in particular paragraph 10 of the Ruling to determine whether or not their claim is allowable.