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Bill: RP Law: Innovation and Investment Incentives Act
Details
Status[?]: passed
Votes: This bill is a resolution. It requires more yes votes than no votes. This bill will not pass any sooner than the deadline.
Voting deadline: April 4783
Description[?]:
| An act to provide incentives for o spur on the growth of innovation and economic growth. Section 1 New companies shall be granted a three year corporation tax waiver. Section 2 The Vizierate for Finance may craft and offer tax deductions which prioritise spending on research and development, public infrastructure, employee training and education and any other professional expenses. The deductions are capped at 40% of net income. Article 3 Small businesses (50 employees or less) shall pay a reduced corporation tax rate of 7% and are ineligible for the deductions offered in section 2 of this Act. Article 4 Foreign investors shall be taxed only on income earned in Cobura and at a reduced rate of 10% of all income. OOC: This law may be amended or repealed with a simple majority act. |
Proposals
Debate
These messages have been posted to debate on this bill:
subscribe to this discussion - unsubscribeVoting
| Vote | Seats | |
| yes |
Total Seats: 330 | |
| no | Total Seats: 0 | |
| abstain | Total Seats: 0 |
| Random fact: Unless otherwise stated, monarchs and their royal houses will be presumed to be owned by the player who introduced the bill appointing them to their position. |
| Random quote: "When we allow freedom to ring, when we let it ring from every village and every hamlet, from every state and every city, we will be able to speed up that day when all of God's children, black men and white men, Jews and Gentiles, Protestants and Catholics, will be able to join hands and sing in the words of the old Negro spiritual, 'Free at last! free at last! thank God Almighty, we are free at last!'" - Martin Luther King Jr. |