L.C. 8.6: Lincoln Value Added Tax Act

[S019]

Lincoln Value Added Tax Act
To pay for programs

Be it enacted by the Government of the Region of Lincoln

1. This legislation shall be called the "Lincoln Value Added Tax"
2. The Government of Lincoln shall establish a Value Added Tax of 5% every month for all people that pay taxes that live in Lincoln and for all goods except for, all materials related to education, clothing, and food.
3. The Lincoln Value Added Tax will start on tbd.

Sponsor: Ninja0428

Debate on this has begun and shall last for at least 72 hours

[S019]

So, a couple of things, first to me, this seems more like an income tax hike rather than a proper value added tax, so I think that should be clarified (Income tax hikes will probably be needed, but should be done in the budget, which is where they are dealt with).

Second, apparently we don't have a sales tax, and I recently sent a bunch of bills to the Comptroller General and I'm expecting that we'll have a deficit, so I'd appreciate it if we can wait until those scores come back, before deciding how much we want this rate to be, or we can just do this as part of the budget.


Anyways, an amendment

Lincoln Value Added Tax Act
To pay for programs

Be it enacted by the Government of the Region of Lincoln

1. This legislation shall be called the "Lincoln Value Added Tax"
2. The Government of Lincoln shall establish a Value Added Tax of 5% every month for all people that pay taxes that live in Lincoln and for all goods except for, all materials related to education, clothing, and food.
3. The Lincoln Value Added Tax will start on tbd become effective immediately following the passage of the budget for the region of Lincoln for the fiscal year 2020-2021.

This amendment makes it a true VAT and if the income tax hikes are still desired, that can be debated once the budget is debated (which is where income taxes should be debated), anyways 24 hours to object or for the sponsor to provide feedback. It also sets the implementation time to when we pass a budget, since that's when this will be finalized anyways.


Also for reference this was the last budget: https://talkelections.org/FORUM/index.php?topic=325712.0, this probably means the rate for this will need to be quite high, but I'll wait for the scored bills before adding anything further

[Sirius_]

The amendment is friendly

[Sirius_]

Do people have comments on this? Given the deficit Lincoln is likely to be facing I believe this should help with that.

[S019]

I support this, but I am leaving this up for debate, because I think we will have to raise the rate

[Sirius_]

Bump

[S019]

Bump

Still waiting on the CG, haven't heard back yet

[S019]

So, we haven't gotten anything, so I'm going to start to take matters into my own hands and that starts by proposing a spike that we'd probably have needed anyways

Lincoln Value Added Tax Act
To pay for programs

Be it enacted by the Government of the Region of Lincoln

1. This legislation shall be called the "Lincoln Value Added Tax"
2. The Government of Lincoln shall establish a Value Added Tax of 5% 15% for all goods except for, all materials related to education, clothing, and food.
3. The Lincoln Value Added Tax will become effective immediately following the passage of the budget for the region of Lincoln for the fiscal year 2020-2021.

Anyways, 24 hours to object to this, yes, I know 15% is a bit high for a sales tax, but we will need revenue

[Continential]

Also, can you update the noticeboard?

[Continential]

Sponsoring this.

[Attorney General, LGC Speaker, and Former PPT Dwarven Dragon]

Sponsoring this.

This is an old thread. Post this bill in the introduction thread and a new thread will be created. The Council does not operate in continuous session, each session is distinct.