The Material Modernization act, 652
From The Kodiak Republic Wiki
An act to modernize the Kodiak civilization.
PASSED on DD/MM/YY with ## Aye, ## Nay, ## Abstain
Article 1 - Establishing the National Material Advancment Administration (NMAA)
1.1 - Establishes the National Material Advancment Administration (NMAA) under the Ministry of Commerce and Labour.
1.2 - The NMAA will manage research for efficient building materials.
1.3 - The Ministry of Commerce and Labour shall be allocated 85 million florins quarterly to fund all activities of the NMAA.
1.4 - The NMAA will be coordinated by a board of 15 members, appointed by KISRA.
1.5 - The NMAA will, apart from recieving funding, be politically fully indipendent and neutral.
Article 2 - Projects of the NMAA
2.1 - The NMAA's main goal is to create a cheap, environmentally friendly building material.
2.2 - The NMAA shall subsidize both public and private institutions and companies.
2.2.1 - Every quarter 50 million florins shall be dedicated to subsidies for private companies and institutions.
2.2.2 - 15 million florins will be dedicated quarterly to subsidies for governmental institutions.
2.3 - The NMAA will be allowed to sell the materials at a set price determined by the board.
2.4 - The NMAA will dedicate 20 million florins quarterly to the construction of efficient, nature-friendly housing.
Article 3-Taxing and subsidizing of private companies
3.1 - A company is eligible to be subsidized when approved by the NMAA.
3.2 - After said approval the Corporation Tax Rate of the company shall be set at 22% (instead of the standard 25%) of total reported gross profitable revenue in addition to being subsidized.
Written and Proposed by Emile, DPPK.