Act of Parliament A.P. 06-011 | The Stop Taxation on Impoverished Individuals Act

[ComplexKing]

Spoiler: Parliament Vote: 7-0-0

VOTE ON PASSAGE: PASSED

PARTY	AYE	NAY	ABS	NV
IGNITE	2	0	0	1
GREENS	1	0	0	1
OSR	0	0	0	2
ANP	2	0	0	0
CRIT	2	0	0	0
TOTAL	7	0	0	4

IGNITE
McBrittle419: AYE
MattQiu: AYE
bloodyrebals: NV

GREENS
Talllion77: NV
Kaiser_Bismarck: ABS

OSR
Kaiserin_: NV
JunoAndrist: NV

ANP
Hello1341: AYE
ComplexKing: AYE

CRIT
Inflixed: NV
TurtleDude247: AYE

A
BILL
TO
Stop Impoverished Individuals From Being Taxed​

1 - About this Act
(1) This Act
(a) may be cited as ‘The Stop Taxation on Impoverished Individuals Act’ or ‘STIIA’ for short.
(b) may be numbered as P.B.##-### (to be assigned by the Office of the Speaker).
(c) shall be enacted upon receiving assent from His Majesty the King.
(d) has been authored by Member of Parliament ComplexKing.
(e) has been co-sponsored by Member of Parliament hello1341

2 - Amendments to the Revenue Act
(1) Section 4 - Balance Taxes shall be edited in the following manner:
"4 - Balance Taxes
[...]
(1) All Corporate balances shall be taxed at a flat rate of 1% weekly.
(2) Personal balances £1,000 or under shall be taxed at 0.5% weekly.
(2) Personal balances over £1,000 shall be taxed at 1% weekly."

(2) Section 12 - Tax Exemptions shall be edited in the following manner:

“12 - Tax Exemptions
(1) Personal Balance Taxes shall be exempted under the following circumstances:
(a) Impoverished Player. Players with a balance under £1,000 shall be exempt from paying Personal Balance Taxes.

(2) Corporate Balance Taxes may be exempted under the following circumstances:
[...]”

(3) Section 6 - Financial Institution Tax shall be edited in the following manner:

"(3) The Financial Institution Taxation Rate shall be calculated by whichever one of the following is greater:
(a) 10% of the Institution’s monthly profits
(b) 1.5% the Institution’s End of Month in-game balance"

 

[ComplexKing]

The Alexandrian National Party
Through Their MP ComplexKing
Moves to Pass
The Stop Taxation on Impoverished Individuals Act​

Parliament notes:
(1) Players with a balance of under £1,000 are being taxed despite having a low balance.

Based on this, Parliament decides:
(1) To stop players with a balance of under £1,000 from being taxed.
(2) To increase the tax on “Financial Institutions” by 0.5% to make up for lost revenue.

To fulfil this, Parliament projects the following expenses:
(1) None.

Further, Parliament projects the following administrative efforts:
(1) None.

To implement the above, Parliament passes:
A
BILL
TO
Stop Impoverished Individuals From Being Taxed​

1 - About this Act
(1) This Act
(a) may be cited as ‘The Stop Taxation on Impoverished Individuals Act’ or ‘STIIA’ for short.
(b) may be numbered as P.B.##-### (to be assigned by the Office of the Speaker).
(c) shall be enacted upon receiving assent from His Majesty the King.
(d) has been authored by Member of Parliament ComplexKing.
(e) has been co-sponsored by Member of Parliament hello1341

2 - Amendments to the Revenue Act
(1) Section 4 - Balance Taxes shall be edited in the following manner:
"4 - Balance Taxes
[...]
(1) All Corporate balances shall be taxed at a flat rate of 1% weekly.
(2) Personal balances £1,000 or under shall be taxed at 0.5% weekly.
(2) Personal balances over £1,000 shall be taxed at 1% weekly."

(2) Section 12 - Tax Exemptions shall be edited in the following manner:

“12 - Tax Exemptions
(1) Personal Balance Taxes shall be exempted under the following circumstances:
(a) Impoverished Player. Players with a balance under £1,000 shall be exempt from paying Personal Balance Taxes.

(2) Corporate Balance Taxes may be exempted under the following circumstances:
[...]”

(3) Section 6 - Financial Institution Tax shall be edited in the following manner:

"(3) The Financial Institution Taxation Rate shall be calculated by whichever one of the following is greater:
(a) 10% of the Institution’s monthly profits
(b) 1.5% the Institution’s End of Month in-game balance"

 

[kaiserin]

Royally Assented​