The Treasury Laws Amendment (Delivering an Efficient and Trusted Tax System) Bill 2026 was introduced and read for the first time in Australia's House of Representatives on 25 March 2026. One of the main measures of the bill is the amendment of the Income Tax Assessment Act (ITAA)1997 to exclude R&D activities related to tobacco and gambling from the R&D Tax Incentive for income years starting on or after 1 July 2025, with the exception of activities conducted for the sole purpose of…