The Commodity Tax Act (630): Difference between revisions
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''An act to fund government expenditure and exert market controls.''<br> |
''An act to fund government expenditure and exert market controls.''<br> |
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''Passed 26 Sep 2021 with 5 Aye, 0 Nay, 0 Abstain'' |
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''Enacted during the Great Interregnum'' |
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==Article 1 - The Property Tax== |
==Article 1 - The Property Tax== |
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:1.1 - Creates a flat tax on all private landed property, set at an annual rate of 6% of the assessed total improved value. |
:1.1 - Creates a flat tax on all private landed property, set at an annual rate of 6% of the assessed total improved value. |
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==Article 2 - The |
==Article 2 - The Underutilised Residential Property Tax== |
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:2.1 - Creates a |
:2.1 - Creates a 25% tax on the value of residential property left vacant for more more than six months in a calendar year. |
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==Article 3 - The |
==Article 3 - The Petroleum Tax== |
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:3.1 - Creates a flat tax on the sale of |
:3.1 - Creates a flat tax on the sale of petroleum, gasoline, butane, diesel, and other oil based fuels, set at a rate of 5% of the initial untaxed sale price. |
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==Article 4 - The Point of Sales Tax== |
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:4.1 - Creates a flat tax on the sale of all goods and services, set at a rate of 7% of the initial untaxed sale price and collected by the seller at the point of sale. |
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Latest revision as of 23:12, 26 December 2022
An act to fund government expenditure and exert market controls.
Passed 26 Sep 2021 with 5 Aye, 0 Nay, 0 Abstain
Article 1 - The Property Tax
- 1.1 - Creates a flat tax on all private landed property, set at an annual rate of 6% of the assessed total improved value.
Article 2 - The Underutilised Residential Property Tax
- 2.1 - Creates a 25% tax on the value of residential property left vacant for more more than six months in a calendar year.
Article 3 - The Petroleum Tax
- 3.1 - Creates a flat tax on the sale of petroleum, gasoline, butane, diesel, and other oil based fuels, set at a rate of 5% of the initial untaxed sale price.
Article 4 - The Point of Sales Tax
- 4.1 - Creates a flat tax on the sale of all goods and services, set at a rate of 7% of the initial untaxed sale price and collected by the seller at the point of sale.
