CaseyLeFaye
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CaseyLeFaye
speaker
- Joined
- Oct 5, 2023
- Messages
- 39
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- #1
The people of the Commonwealth of Redmont, through their elected Representatives in the Congress and the force of law ordained to that Congress by the people through the constitution, do hereby enact the following provisions into law:
1 - Short Title and Enactment
(1) This Act may be cited as the 'Taxation Exemption Fix Act'.
(2) This Act shall be enacted immediately upon its signage.
(3) This Act has been authored by Vice President lcn.
(4) This Act has been proposed by Speaker CaseyLeFaye.
(5) This Act has been co-sponsored by Representative tusk2510.
2 - Reasons
(1) This fixes a major loophole in the taxation of financial institutions.
(2) This is not possible to enforce.
(3) To amend the Taxation Act.
3 - Amendment
(1) §6(1.a) of the Taxation Act shall be amended as follows:
"(a) Exemption takes effect from the point of request for exemption to the Department of Commerce.
(a) Exemption takes effect from the point of acceptance and registration from the Department of Commerce."