Introduced on March 25 and passed through all stages. The Bill makes up an economic response package to covid-19. Amongst other things it reintroduces depreciation deductions for non-residential buildings, lifts the provisional tax threshold to $5,000, temporarily increases the low asset value threshold to $5,000, brings the application date of broader refundability for the R&D tax credit forward by one year, loosens the rules around IRD’s use of money interest remission, doubles the Winter Energy Payment and clarifies the GST rules around the covifd-19 wage subsidy. It was supported by all parties.COVID-19 Response (Taxation and Social Assistance Urgent Measures) Bill