HB 18-33: End Corporate Bidding Act (Failed)

[Esteemed Jimmy]

End Corporate Bidding Act

HOUSE BILL

Be it enacted by the House of Representatives and the Senate of the Republic of Atlasia in Congress assembled,

SECTION I: RECOGNIZING CORPORATE BIDDING

1. The Government of the Republic of Atlasia recognizes:
a) Corporations and cities often engage in "bidding wars" when looking for places to invest in, during which they "bid" for tax breaks and financial grants from local governments.
b) These practices are harmful and have little benefit to anybody but the corporation.

SECTION II: ENDING TAX BREAKS FOR CORPORATE BIDDING

1. Any financial benefit or tax break provided by a regional, state, or municipal government to a company or corporation in order to entice investment in the area shall be defined as "special income".
2. The special income attained from said financial benefits shall be taxed at a 100% rate.

People's House of Representatives
Rejected in the House of Representatives 2-4-2-1

Sponsor: MB
House Designation: HB 18-33

[Esteemed Jimmy]

HB 18-33 is now on the House floor. Debate on this legislation has begun and shall last for no less than 72 hours.

[Esteemed Jimmy]

Does anyone have anything else to add?

[Esteemed Jimmy]

I believe the regions should have a say on this and not the federal government. In many cases bidding does help low-income areas as they build up their companies on the cheap and create jobs so many desperately need. I'll currently oppose this measure.

Opposing this bill for the same reason.

[Esteemed Jimmy]

I motion for a final vote. Representatives have 24 hours for objections.

[Esteemed Jimmy]

A final vote has begun on this bill. Please vote AYE, NAY, or ABSTAIN.

End Corporate Bidding Act

HOUSE BILL

Be it enacted by the House of Representatives and the Senate of the Republic of Atlasia in Congress assembled,

SECTION I: RECOGNIZING CORPORATE BIDDING

1. The Government of the Republic of Atlasia recognizes:
a) Corporations and cities often engage in "bidding wars" when looking for places to invest in, during which they "bid" for tax breaks and financial grants from local governments.
b) These practices are harmful and have little benefit to anybody but the corporation.

SECTION II: ENDING TAX BREAKS FOR CORPORATE BIDDING

1. Any financial benefit or tax break provided by a regional, state, or municipal government to a company or corporation in order to entice investment in the area shall be defined as "special income".
2. The special income attained from said financial benefits shall be taxed at a 100% rate.

[Esteemed Jimmy]

Nay

[Esteemed Jimmy]

Voting has closed. The final vote stands as:

Aye: 2 (JGibson, razze)
Nay: 4 (fhtagn, Jimmy7812, Tea Party Hater, TheShadowyAbyss)
Abstain: 2 (Alancia, lfromnj)
Missed: 1 (MB)

Therefore, voting has closed and this resolution fails 2-4-2-1.