HB 24-12: Implementing a Border Adjustment Tax Act (Final Vote)

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Implementing a Border Adjustment Tax Act

An Act to implement an Border Adjustment Tax

Be it enacted by the Congress of the Republic of Atlasia assembled:

Section 1: BAT Rate

- A Border Adjustment Tax of 15% shall be implemented

Section 2: Tax Credit for Certain Types of Business Owners

- Owners of Sole Prioportships, Partnerships, and LLC's will receive a $1000 Dollar Tax Credit

- Tax credit will begin to phase our for businesses making $300,000 or more and will fully phase-out for businesses making over $500,000

Sponsor: Old School Republican
House Designation: HR 24-12

72 hours to debate.

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This seems like a more reasonable proposal. Do we have a rough idea of how much the BAT would generate?

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Amendment is adopted

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I'm happy with moving to a final vote personally, and I'll be voting in favour - but I'd be interested to hear what the sponsor thinks of Encke's concerns? My assumption is that this additional tax which is border adjusted and if thats the case, I think the bill is clear enough. Of course, I wouldn't vote for it if it came with a slashing of corporate taxes as was in the IRL Republican proposal for reasons I've more or less made clear in other tax related debates.

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Final Vote

72 hours

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Aye