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Queensland govt won't cut land tax |
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Queensland premier promise:
Queensland Premier Peter Beattie said yesterday that landholders and the property industry were welcome to submit their arguments for reduced taxes direct to the powerful Cabinet committee that drafts the State Budget. But he said the property industry was poised to be the largest beneficiary from massive planned state government infrastructure spending, and landowners should expect to foot the bill.
While the Government made some minor changes to the thresholds at which land tax becomes payable in 2003, the tax scales have not been adjusted since 1991.
Mr Beattie said aggrieved property owners "should put a submission in to the Government let's have a look at it". "But you've got to remember this and I say this to the property industry this year we're going to have the urban management strategy and the infrastructure plan," Mr Beattie said. "They'll be one of the major beneficiaries out of the infrastructure plan, and we need public money to fund it.
Full story in the Courier-Mail.
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