Income Tax Act 2007 section 333

Meaning of "CITR"

Section 333 introduces the concept of community investment tax relief (CITR) and provides a general definition of what it means.

  • CITR stands for community investment tax relief
  • It provides entitlement to income tax reductions for qualifying individuals
  • The relief applies to amounts invested in community development finance institutions (CDFIs)
  • This section serves as the introductory definition for the wider set of CITR rules contained in this Part of the Act

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