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Source: New Zealand Inland Revenue Department – Press Release/Statement:

Headline: Resurgence Support Payments Bill introduced

The Taxation (COVID-19 Resurgence Support Payments and Other Matters) Bill was introduced to Parliament today, and is expected to be passed under urgency.

The Bill enables Inland Revenue to administer the new COVID-19 resurgence support payments (CRSP) scheme, which is a one-off support payment to businesses in the form of a grant. The payment would consist of a base amount of $1,500 per applicant plus $400 per full-time equivalent (FTE) up to a cap of 50 FTEs.

The Bill also increases the minimum family tax credit (MFTC) threshold for the 2021–22 and later tax years from $29,432 to $30,576 per annum.

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