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A
BILL
TO
Rectify and Reform the Budgeting of the Kingdom of Alexandria
BILL
TO
Rectify and Reform the Budgeting of the Kingdom of Alexandria
1 - About this Act
(1) This Act
(a) may be cited as ‘The Budget Dumpster Fire Reversal Act’ or ‘BDFRA’ 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 Her Majesty the Queen.
(d) has been authored by the Minister of Trade and Finance ConsequencesInc, a member of Labour/Public Servants.
(e) has been co-sponsored by Deputy Prime Minister Capt11543.
2 - Amendments to the Revenue Act
(1) Section 3 - List of Taxes shall be amended in the following manner:
“3 - List of Taxes
(1) The following taxes shall be imposed by the Kingdom of Alexandria:
(a) Personal Balance Tax
(b) Corporate Balance Tax
(c) Chestshop Sales Tax
(d) Financial Institution Tax
(e) Property Tax
(f) Prune Tax
(g) Tariffs”
(2) Section 11 - Tax Exemptions shall be edited in the following manner:
“11 - Tax Exemptions
(1) Personal Balance Taxes may be exempted under the following circumstances:
(a) New Player. Players with under 48 hours of playtime and have joined in the past two weeks shall be exempted from paying Personal Balance Taxes.
(i) This shall take effect on July 1, 2025. Until then, all players must pay full Personal Balance Taxes.
(1) Corporate Balance Taxes may be exempted under the following circumstances:
[...]”
(2) Section 10 - Property Tax shall be replaced with the following text:
“10 - Property Tax
(1) Players shall be taxed monthly based on the number of non-residential properties that they own, following the property tax schedule outlined in the below table:
| Number of Plots | Tax Amount |
| 1 | £40 |
| 2 | £40 |
| 3 | £60 |
| 4 | £90 |
| 5 | £130 |
| 6 | £180 |
| 7 | £240 |
| 8 | £310 |
| 9 | £390 |
| 10 | £480 |
| 11+ | £500 |
(2) Any plot legally owned by non-person legal entities shall be counted towards the plot ownership total of the in-game owner of said plot.
(3) Residential plots shall be exempt from taxation.”
(3) The following new section shall be inserted after section 10 - Property Tax containing the following text:
“11 - Prune Tax
(1) Players who have not logged on in 90 days or more shall be subject to a Prune Tax. The total of each affected player’s balance over £1,200 shall be taxed at a rate of 100% by the Ministry of Trade and Finance.
(2) This tax shall be fined by the Ministry of Trade and Finance.
(a) The Ministry shall begin the process of determining which players are affected by the Prune Tax on the first of each month.
(b) Taxation is due by the end of the second week of the month.
(3) The Ministry of Trade and Finance shall provide notice to each player who was affected by the Prune Tax by in-game mail. The Ministry shall also keep a record of each player who was affected by the Prune Tax, and how much money was taxed from them.
(4) Any player who was affected by a Prune Tax may submit a request to the Ministry of Trade and Finance to have their balance returned to them. The Ministry must respond to each request within 7 days.
(a) Final approval or disapproval of returning the balance shall be made at the sole discretion of the Ministry of Trade and Finance”
(a) The sections following the newly inserted section shall be renumbered as follows:
“12 - Tax Exemptions
[...]
13 - Tariffs
[...]”
(4) Section 6 - Financial Institution Tax shall be replaced with the following:
“6 - Financial Institution Tax
(1) Deposit-taking financial institutions will be taxed monthly based on one of the following:
(a) on their monthly reported profit.
(b) on a percentage of their total business balance
(2) This tax will be fined by the Ministry of Trade & Finance.
(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) 0.5% of the Institution’s End of Month in-game balance
(4) Taxation is due by the end of the second week of the following month.”
3 - Ministry Accounting Rules and Standards
(1) For the purposes of budgeting and keeping track of ministerial transactions, all Ministries shall keep a monthly cash-flow record including the following information:
(a) Net Income/Loss
(b) Increase/Decrease in Assets
(c) Increase/Decrease in Liabilities
(d) Cash at beginning of monthly period
(e) Cash at end of monthly period
(2) If transactions are not logged in the #budget channel of the main SC Discord server, all non-logged transaction records must be submitted concurrently with the cash-flow record.
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