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Welch Tax Reform Resolution, 666: Difference between revisions

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(Created page with "''A resolution to reallocate tax burden and improve nation-wide economic efficiencies.''<br> ''ACTIONED on ## MONTH ### with ## Aye, ## Nay, and ## Abstain.'' __TOC__ <div style="text-indent: 55px">'''BE IT RESOLVED BY THE GENERAL ASSEMBLY OF THE MOST SERENE REPUBLIC OF KODIAK''':</div> NOTING the difficulty in maintaining positive economic sentiment; ARGUING for a fairer and more efficient tax system; SUPPORTING policies which inform behaviour; COMPROMISING idealism...")
 
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Line 28:
:Creates $200 Annual Vehicle Registration Fee.
===Original Text===
====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.
Line 62:
:7.4 - Sets the Recreational Drugs Levy to be 45% of the gross sale price.
 
====Article 8 - Property Tax====
:8.1 - Creates a flat tax on homeowners with more than one home on the value of all their residential property. Single family homes will not have the property tax applied to them. 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.
===Amended Text===
===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 40%.
 
====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.
Line 104:
:7.4 - Sets the Recreational Drugs Levy to be 45% of the gross sale price.
 
====Article 8 - Luxury Goods Tax====
:8.1 - Sets the Luxury Goods Tax to 9% of the gross sale price. This is appended onto the existing Point of Sale Tax.
:8.2 - 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 9 - Vehicle Registration Fee====
:9.1 - Sets a flat annual fee of ₣200 for registration of any motor vehicle within the Kodiak Republic.
:9.2 - For the purposes of this article, a motor vehicle is defined as any vehicle registered for use on any public road, including recreational vehicles, commercial vehicles, and/or private vehicles.
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