It restated certain legislation relating to income tax "so as to make it clearer and easier to use".

[3] The Bill was the work of the Tax Law Rewrite Project team at the Inland Revenue.

Section 1(2) was repealed by Part 1 of Schedule 3 to the Income Tax Act 2007.

Sections 20(2)(b) and (c) were repealed by paragraph 11(3) of Schedule 7 to the Finance Act 2008.

This section was repealed by paragraph 13 of Schedule 7 to the Finance Act 2008.

This section was repealed by paragraph 18 of Schedule 7 to the Finance Act 2008.

This Chapter was repealed by paragraph 23 of Schedule 7 to the Finance Act 2008.

Section 58(6) was repealed by paragraph 61(2) of Schedule 1 to the Finance Act 2016.

Section 87(6) was repealed by paragraph 50(2)(a) of Schedule 39 to the Finance Act 2012.

Sections 169A(3) and (4) were repealed by paragraph 10(3) of Schedule 1 to the Finance Act 2015.

Sections 515(1)(b) and (3) were repealed by Part 1 of Schedule 3 to the Income Tax Act 2007.

Section 701(2)(c)(ii) was repealed by Part 2(11) of Schedule 42 to the Finance Act 2004.

Section 721(2) was repealed by Part 1 of Schedule 3 to the Income Tax Act 2007.

Paragraphs 2, 45, 48, 50, 51, 100, 108, 166, 226 and 256 were repealed by Part 1 of Schedule 3 to the Income Tax Act 2007.