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The Commodity Tax Act (630): Difference between revisions

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''An act to fund government expenditure and exert market controls.''<br>
''Passed 26 Sep 2021 with 5 Aye, 0 Nay, 0 Abstain''
''Enacted during the Great Interregnum''
 
==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 PetroleumUnderutilised Residential Property Tax==
:2.1 - Creates a flat25% tax on the salevalue of petroleum,residential gasoline,property butane,left diesel,vacant andfor othermore oilmore basedthan fuels,six setmonths atin a rate of 5% of the initial untaxed salecalendar priceyear.
 
==Article 3 - The Point of SalesPetroleum Tax==
:3.1 - Creates a flat tax on the sale of allpetroleum, goodsgasoline, butane, diesel, and servicesother oil based fuels, set at a rate of 75% of the initial untaxed sale price and collected by the seller at the point of sale.
 
==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.
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