The Commodity and Services Tax Act, 643

=The Commodity and Services Tax Act, 643=

An act to fund public programs and other necessary government expenditure as well as to disincentivise certain economic behaviours through a levy on the sale of goods and services. Passed 26 July 2022 with 14 Aye, 4 Nay, 2 Abstain. Amended 16 April 2023 by the Taxation Revision Resolution

Article 1 - The Land Value Tax

 * 1.1 - Creates an annual flat tax on the value of privately owned and managed land.
 * 1.2 - Specifically excludes the valuation of any property or improvements to a parcel of land.
 * 1.3 - Sets the annual Land Value Tax Rate to be 10%.

Article 2 - The Under-utilised Residential Property Tax

 * 2.1 - Creates an annual levy on the value of residential property left vacant for more more than six months in a calendar year.
 * 2.2 - Sets the annual Under-utilised Residential Property Tax to 25%.

Article 3 - The Point of Sales Tax

 * 3.1 - Creates a flat tax on the sale of all goods and services to be collected by the seller at the point of sale.
 * 3.2 - Sets the Point of Sale Tax Rate to 7% of the gross untaxed sale price.

Article 4 - The Petroleum Sales Levy

 * 4.1 - Creates a flat tax on the sale of petroleum, gasoline, butane, diesel, and other oil based fuels.
 * 4.2 - Appends this levy in addition to the Point of Sales Tax.
 * 4.3 - Sets the Petroleum Levy to be 15% of the gross sale price.

Article 5 - The Tobacco Sales Levy

 * 5.1 - Creates a flat tax on the sale of cigarettes, cigars, snuff, chew, loose tobacco, and all other tobacco products to be taken internally.
 * 5.2 - Appends this levy in addition to the Point of Sales Tax.
 * 5.3 - Sets the Tobacco Sales Levy to be 30% of the gross sale price.

Article 6 - The Alcohol Sales Levy

 * 6.1 - Creates a flat tax on the sale of beer, wine, spirits, and all other ethanol-containing products intended to be taken internally.
 * 6.2 - Appends this levy in addition to the Point of Sales Tax.
 * 6.3 - Sets the Alcohol Sales Levy to be 30% of the gross sale price.

Article 7 - The Recreational Drugs Levy

 * 7.1 - Creates a flat tax on the sale of all legal Schedule B and Schedule D recreational drugs.
 * 7.2 - Appends this levy in addition to the Point of Sales Tax.
 * 7.3 - Removes this levy for any substance acquired on the advice and prescription of a practicing and certified medical professional.
 * 7.4 - Sets the Recreational Drugs Levy to be 45% of the gross sale price.

Article 8 - Property Tax

 * 8.1 - Sets the Property Tax to 1%.
 * 8.2 - A single family home is defined as: a free-standing residential building. Single-family homes are designed to be used as a single-dwelling unit, with one owner, no shared walls, and its own land. Town houses are also defined as a single-family home as long as these dwellings are separated by a ground-to-roof wall.

Article 9 - Luxury Goods Tax

 * 9.1 - Sets the Luxury Goods Tax to 9% of the gross sale price. This is appended onto the existing Point of Sale Tax.
 * 9.2 - A Luxury good is defined as: Haute couture/designer/custom fitted clothing, accessories such as jewelry and high-end watches, high-end automobiles (Sports cars, SUVs, EVs, Super Cars, Race Cars), private yachts, and wine costing more than 150 florins per 375mL bottle.


 * Article 8 Added by the Taxation Revision Resolution
 * Article 9 Added by the Taxation Revision Resolution