General Appropriations and Taxation Act, 1730: Difference between revisions
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{{Nouvelle Alexandrie Article}} | {{Nouvelle Alexandrie Article}} | ||
{{NAXLegislation | |||
| short_title = General Appropriations and Taxation Act, 1730 | |||
| long_title = ''An Act to Appropriate Funds and Impose Taxation for the Operation of the Government of the Federation of Nouvelle Alexandrie for the Year 1730; Among Other Purposes.'' | |||
| bill_number = | |||
| introduced_by = Deputy [[Godfredo Domínguez]] ([[Federal Consensus Party of Nouvelle Alexandrie|FCP]]) | |||
| session = [[8th Cortes Federales]] | |||
| Extent = Entire Federation of Nouvelle Alexandrie | |||
| status = Introduced | |||
| date_introduced = {{AN|1730}} | |||
| last_updated = {{AN|1730}} | |||
| amendments = | |||
| related_legislation = | |||
| original_text = | |||
| revised_text = | |||
}} | |||
The '''General Appropriations and Taxation Act, 1730''', introduced by Deputy [[Godfredo Domínguez]] of the [[Federal Consensus Party of Nouvelle Alexandrie|Federal Consensus Party]] (FCP), is a comprehensive piece of legislation that aims to navigate the Federation through the fiscal year {{AN|1730}} by allocating government funds across various departments and imposing new taxation measures to support governmental operations. This bill encapsulates the FCP's approach to governance, emphasizing adjustments in tax rates and brackets, and significant appropriations for public services, defense, education, and healthcare, among other sectors. | |||
==Key Provisions== | ==Key Provisions== | ||
The bill introduces several key changes in taxation: | |||
* Adjustments in income tax brackets and rates, notably increasing taxes for higher income brackets. | |||
* Modifications in corporate tax and introducing new tax credits aimed at encouraging investments in manufacturing and energy. | |||
* Changes in capital gains tax to introduce a low rate for profits from residential property and other assets for certain brackets. | |||
* Proposals for raising funds through increased taxes on luxury goods such as liquor, spirits, and tobacco, while maintaining or slightly adjusting other indirect taxes. | |||
* Significant appropriations for departments such as Defense, Education, Social Security, and Public Healthcare, reflecting the government's prioritization of these areas. | |||
==Legislative History== | ==Legislative History== | ||
{| class="wikitable" | |||
|- | |||
!Status | |||
!Date | |||
!Tabled By | |||
!Vote Outcome | |||
|- | |||
|Introduced in the Federal Assembly | |||
|02.I.1730 | |||
|Deputy [[Godfredo Domínguez]] (FCP) | |||
| | |||
|- | |||
|Debated in the Federal Assembly | |||
| | |||
| | |||
| | |||
|- | |||
|Passed in the Federal Assembly | |||
| | |||
| | |||
| | |||
|- | |||
|Royal Assent | |||
| | |||
| | |||
| | |||
|} | |||
==Bill as submitted to the "Hopper" of the Federal Assembly, 02.I.1730== | ==Bill Text== | ||
===Bill as submitted to the "Hopper" of the Federal Assembly, 02.I.1730=== | |||
[[File:NewAlexandriaCOA.png|100px|center]]<center> | [[File:NewAlexandriaCOA.png|100px|center]]<center> | ||
'''THE GENERAL APPROPRIATIONS AND TAXATION ACT, 1730''' | '''THE GENERAL APPROPRIATIONS AND TAXATION ACT, 1730''' | ||
Line 30: | Line 81: | ||
'''''BE IT ENACTED''' by the King’s Most Excellent Majesty, by and with the advice and consent of the Cortes Federales, in this present session assembled, and by the authority of the same, as follows:-'' | '''''BE IT ENACTED''' by the King’s Most Excellent Majesty, by and with the advice and consent of the Cortes Federales, in this present session assembled, and by the authority of the same, as follows:-'' | ||
</center>An Act to appropriate funds and imposing taxation for the operation of the Government of the Federation of Nouvelle Alexandrie and for purposes connected therewith. | </center>An Act to appropriate funds and imposing taxation for the operation of the Government of the Federation of Nouvelle Alexandrie and for purposes connected therewith. | ||
===ARTICLE I. CITATION=== | ====ARTICLE I. CITATION==== | ||
This Act may be cited in all purposes as the "General Appropriations and Taxation Act, 1730". | This Act may be cited in all purposes as the "General Appropriations and Taxation Act, 1730". | ||
===ARTICLE II. TAXATION=== | ====ARTICLE II. TAXATION==== | ||
Section 1. With effect on the first day of the year 1730, the tax rates and brackets will be; | Section 1. With effect on the first day of the year 1730, the tax rates and brackets will be; | ||
Line 95: | Line 146: | ||
|Tax Credit for Low and | |Tax Credit for Low and | ||
Medium-Income | Medium-Income | ||
Individuals (Income | Individuals (Income | ||
< €100,000) | < €100,000) | ||
|€2,500 | |€2,500 | ||
Line 118: | Line 171: | ||
|Tax Credit on renewable | |Tax Credit on renewable | ||
energy production, per | energy production, per | ||
kWh | kWh | ||
|€0.016 | |€0.016 | ||
Line 125: | Line 179: | ||
|Tax credit for qualified | |Tax credit for qualified | ||
tuition and related | tuition and related | ||
expenses paid for eligible | expenses paid for eligible | ||
students enrolled in an | students enrolled in an | ||
eligible educational | eligible educational | ||
institution | institution | ||
|€2,000 | |€2,000 | ||
Line 163: | Line 221: | ||
|Tax Credit on first- | |Tax Credit on first- | ||
and/or second-year wages | and/or second-year wages | ||
paid or incurred on employees | paid or incurred on employees | ||
|€10,000 | |€10,000 | ||
Line 203: | Line 262: | ||
|Tax credits on eligible small | |Tax credits on eligible small | ||
employers for qualified costs | employers for qualified costs | ||
incurred in administering | incurred in administering | ||
an employer pension plan | an employer pension plan | ||
|€200 | |€200 | ||
Line 212: | Line 273: | ||
|Tax credits on eligible small | |Tax credits on eligible small | ||
employers for qualified costs | employers for qualified costs | ||
incurred in administering employer | incurred in administering employer | ||
health insurance premium plans | health insurance premium plans | ||
|€500 | |€500 | ||
Line 221: | Line 284: | ||
|Tax credits on corporations for | |Tax credits on corporations for | ||
qualified costs incurred on employees | qualified costs incurred on employees | ||
for paid leave | for paid leave | ||
|€500 | |€500 | ||
Line 240: | Line 304: | ||
|Tax levied on the profits | |Tax levied on the profits | ||
realised on the sale of a | realised on the sale of a | ||
non-inventory asset. This | non-inventory asset. This | ||
is divided into profits from | is divided into profits from | ||
residential property and from | residential property and from | ||
other chargeable Assets | other chargeable Assets | ||
| | | | ||
Line 330: | Line 398: | ||
|Self-employed persons pay | |Self-employed persons pay | ||
the tax over the year, with | the tax over the year, with | ||
the year split into quarters | the year split into quarters | ||
|2% | |2% | ||
Line 337: | Line 406: | ||
|The max amount of income | |The max amount of income | ||
that is subject to the | that is subject to the | ||
unemployment payroll tax | unemployment payroll tax | ||
|€8,000 | |€8,000 | ||
Line 353: | Line 423: | ||
| rowspan="4" |Payroll tax to fund Social | | rowspan="4" |Payroll tax to fund Social | ||
Solidarity programs such | Solidarity programs such | ||
as pensions and similar | as pensions and similar | ||
benefits | benefits | ||
|2% | |2% | ||
Line 374: | Line 446: | ||
|the average annual amount of | |the average annual amount of | ||
income that social security | income that social security | ||
beneficiaries receive | beneficiaries receive | ||
|€22,000 | |€22,000 | ||
Line 411: | Line 484: | ||
|Tax levied on the printing of | |Tax levied on the printing of | ||
notarised documents by | notarised documents by | ||
the public notary | the public notary | ||
|€2 | |€2 | ||
Line 434: | Line 508: | ||
| rowspan="11" |Tax levied on the transfer of | | rowspan="11" |Tax levied on the transfer of | ||
property by one individual to | property by one individual to | ||
another while receiving nothing, | another while receiving nothing, | ||
or less than full value, in return. | or less than full value, in return. | ||
|€15,000 | |€15,000 | ||
Line 478: | Line 554: | ||
| rowspan="3" |Tax levied on the transfer of | | rowspan="3" |Tax levied on the transfer of | ||
property at someone's death. | property at someone's death. | ||
|€12,000,000 | |€12,000,000 | ||
|€13,000,000 | |€13,000,000 | ||
Line 504: | Line 579: | ||
| rowspan="4" |Tax levied on the value of a property, | | rowspan="4" |Tax levied on the value of a property, | ||
imposed on real estate or personal | imposed on real estate or personal | ||
property, computed as the fair market | property, computed as the fair market | ||
value of the property, per sq. m. | value of the property, per sq. m. | ||
| colspan="2" |€250,000 | | colspan="2" |€250,000 | ||
Line 526: | Line 603: | ||
|Tax levied on the value of idle land, | |Tax levied on the value of idle land, | ||
imposed on agricultural lands suitable | imposed on agricultural lands suitable | ||
for cultivation; or other lands of which | for cultivation; or other lands of which | ||
half remains | |||
half remains underutilized or unimproved | |||
|€0.02 | |€0.02 | ||
|€0.02 | |€0.02 | ||
Line 556: | Line 635: | ||
|Additional tax levied | |Additional tax levied | ||
on horse betting and | on horse betting and | ||
cock fighting betting | cock fighting betting | ||
|5% | |5% | ||
Line 572: | Line 652: | ||
Section 2. The Secretary of the Treasury shall provide rules and regulations to implement Section 1 of this Article. | Section 2. The Secretary of the Treasury shall provide rules and regulations to implement Section 1 of this Article. | ||
===Article III. Appropriations=== | ====Article III. Appropriations==== | ||
The following sums are hereby appropriated out of the Treasury not otherwise appropriated, for the operation of the Government of the Federation of Nouvelle Alexandrie, as follows: | The following sums are hereby appropriated out of the Treasury not otherwise appropriated, for the operation of the Government of the Federation of Nouvelle Alexandrie, as follows: | ||
====Section 1. Department of Treasury==== | =====Section 1. Department of Treasury===== | ||
*[[Federal Bank of Nouvelle Alexandrie]]: €4,300,000,000 | *[[Federal Bank of Nouvelle Alexandrie]]: €4,300,000,000 | ||
*Federal Mint of Nouvelle Alexandrie: €947,300,000 | *Federal Mint of Nouvelle Alexandrie: €947,300,000 | ||
Line 592: | Line 671: | ||
*Antitrust Office: €323,600,000 | *Antitrust Office: €323,600,000 | ||
====Section 2. Federal Sovereign Wealth Fund==== | =====Section 2. Federal Sovereign Wealth Fund===== | ||
*Federal Sovereign Wealth Fund Tax Contribution: €65,341,356,122 | *Federal Sovereign Wealth Fund Tax Contribution: €65,341,356,122 | ||
====Section 3. Department of Interior==== | =====Section 3. Department of Interior===== | ||
*Crime Investigation: €67,200,000,000 | *Crime Investigation: €67,200,000,000 | ||
*Federal Gendarmerie: €106,500,000,000 | *Federal Gendarmerie: €106,500,000,000 | ||
Line 611: | Line 688: | ||
**Information, Education, Communication and Community Relations: €1,400,000,000 | **Information, Education, Communication and Community Relations: €1,400,000,000 | ||
====Section 4. Department of State==== | =====Section 4. Department of State===== | ||
*Diplomatic Intelligence: €219,300,000 | *Diplomatic Intelligence: €219,300,000 | ||
*Embassies: €25,400,000,000 | *Embassies: €25,400,000,000 | ||
Line 635: | Line 711: | ||
*National Diplomatic School: €27,300,000 | *National Diplomatic School: €27,300,000 | ||
====Section 5. Department of Defense==== | =====Section 5. Department of Defense===== | ||
*Military Personnel: €158,700,000,000 | *Military Personnel: €158,700,000,000 | ||
*Operation and Maintenance: €55,200,000,000 | *Operation and Maintenance: €55,200,000,000 | ||
Line 652: | Line 727: | ||
**Office of the Inspector General: €470,000,000 | **Office of the Inspector General: €470,000,000 | ||
====Section 6. Department of Justice==== | =====Section 6. Department of Justice===== | ||
*Civil Law & Justice: €65,300,000,000 | *Civil Law & Justice: €65,300,000,000 | ||
*Criminal Prosecution: €44,800,000,000 | *Criminal Prosecution: €44,800,000,000 | ||
Line 673: | Line 747: | ||
**Community Crime and Public Safety: €143,000,000 | **Community Crime and Public Safety: €143,000,000 | ||
====Section 7. Department of Labor==== | =====Section 7. Department of Labor===== | ||
*State Pensions: €693,000,000,000 | *State Pensions: €693,000,000,000 | ||
*Unemployment Benefits: €380,000,000,000 | *Unemployment Benefits: €380,000,000,000 | ||
Line 699: | Line 772: | ||
*Equal Employment Opportunities Office: €17,600,000 | *Equal Employment Opportunities Office: €17,600,000 | ||
====Section 8. Department of Civil Works and Transportation==== | =====Section 8. Department of Civil Works and Transportation===== | ||
*Road Building and Maintenance: €107,900,000,000 | *Road Building and Maintenance: €107,900,000,000 | ||
*Airport Building and Maintenance: €19,050,000,000 | *Airport Building and Maintenance: €19,050,000,000 | ||
Line 708: | Line 780: | ||
*Waterways Maintenance: €12,900,000,000 | *Waterways Maintenance: €12,900,000,000 | ||
====Section 9. Department of Education, Culture, and Sports ==== | =====Section 9. Department of Education, Culture, and Sports ===== | ||
=====Education===== | ======Education====== | ||
*Primary Education: €192,000,000,000 | *Primary Education: €192,000,000,000 | ||
**Local Educational Grants: €101,700,000,000 | **Local Educational Grants: €101,700,000,000 | ||
Line 743: | Line 815: | ||
*Educational Sciences Institute: €860,000,000 | *Educational Sciences Institute: €860,000,000 | ||
=====Culture & Sports===== | ======Culture & Sports====== | ||
*Culture: €70,000,000,000 | *Culture: €70,000,000,000 | ||
**Arts and Museums: €55,000,000,000 | **Arts and Museums: €55,000,000,000 | ||
Line 756: | Line 828: | ||
*Promotion of Young Talents: €22,000,000,000 | *Promotion of Young Talents: €22,000,000,000 | ||
====Section 10. Department of Social Security and National Solidarity==== | =====Section 10. Department of Social Security and National Solidarity===== | ||
*Social Solidarity: €492,000,000,000 | *Social Solidarity: €492,000,000,000 | ||
*Public Healthcare: €384,000,000,000 | *Public Healthcare: €384,000,000,000 | ||
Line 806: | Line 877: | ||
*Epidemic Readiness & Disease Prevention: €55,000,000,000 | *Epidemic Readiness & Disease Prevention: €55,000,000,000 | ||
====Section 11. Department of Energy & Environment | =====Section 11. Department of Energy & Environment===== | ||
====== Energy ====== | |||
* Energy Efficiency and Renewable Energy: €7,400,000,000 | * Energy Efficiency and Renewable Energy: €7,400,000,000 | ||
*Regional and Community Energy Programs: €1,200,000,000 | *Regional and Community Energy Programs: €1,200,000,000 | ||
*Cybersecurity, Energy Security, and Emergency Response: €2,500,000,000 | *Cybersecurity, Energy Security, and Emergency Response: €2,500,000,000 | ||
Line 824: | Line 893: | ||
*Power Administration: €27,800,000 | *Power Administration: €27,800,000 | ||
===== Environment ===== | ====== Environment ====== | ||
* Land Management and Forests: €4,600,000,000 | * Land Management and Forests: €4,600,000,000 | ||
*Fish and Wildlife: €6,100,000,000 | *Fish and Wildlife: €6,100,000,000 | ||
**Ecological Services: €1,700,000,000 | **Ecological Services: €1,700,000,000 | ||
Line 848: | Line 915: | ||
*Land and Water Conservation: €1,200,000,000 | *Land and Water Conservation: €1,200,000,000 | ||
====Agriculture==== | ====== Agriculture ====== | ||
*Food and Nutrition: €186,500,000,000 | *Food and Nutrition: €186,500,000,000 | ||
**Child and Infants Food Program: €10,400,000,000 | **Child and Infants Food Program: €10,400,000,000 | ||
Line 869: | Line 935: | ||
*Agricultural Statistics Bureau: €82,000,000 | *Agricultural Statistics Bureau: €82,000,000 | ||
==== Section 12. Department of Research and Development ==== | ===== Section 12. Department of Research and Development ===== | ||
* Science Funding: €185,000,000,000 | * Science Funding: €185,000,000,000 | ||
** Research and Related Activities: €181,000,000,000 | ** Research and Related Activities: €181,000,000,000 | ||
Line 894: | Line 959: | ||
* Standards Council: €25,400,000 | * Standards Council: €25,400,000 | ||
==== Section 13. Department of National Mobilisation ==== | ===== Section 13. Department of National Mobilisation ===== | ||
* Digital Infrastructure: €148,000,000,000 | * Digital Infrastructure: €148,000,000,000 | ||
* Television & Radio: € 97,000,000,000 | * Television & Radio: € 97,000,000,000 | ||
Line 903: | Line 967: | ||
* Community Service: €1,500,000,000 | * Community Service: €1,500,000,000 | ||
==== Section 14. Department of Trade and Industry ==== | ===== Section 14. Department of Trade and Industry ===== | ||
* International Trade: €32,500,000,000 | * International Trade: €32,500,000,000 | ||
** Global Markets: €29,200,000,000 | ** Global Markets: €29,200,000,000 | ||
Line 920: | Line 983: | ||
* National Manufacturing Capacity Fund: €11,000,000,000 | * National Manufacturing Capacity Fund: €11,000,000,000 | ||
====Section 15. Housing and Urban Development==== | =====Section 15. Housing and Urban Development===== | ||
*Housing Construction: €47,100,000,000 | *Housing Construction: €47,100,000,000 | ||
**Community & Neighborhood Development: €5,400,000,000 | **Community & Neighborhood Development: €5,400,000,000 | ||
Line 937: | Line 1,000: | ||
**Lead Hazard Control and Healthy Homes: €200,000,000 | **Lead Hazard Control and Healthy Homes: €200,000,000 | ||
==== Section 16. Administration and Other Duties ==== | ===== Section 16. Administration and Other Duties ===== | ||
* Office of the President: €7,300,000,000 | * Office of the President: €7,300,000,000 | ||
** Press Office: €300,000,000 | ** Press Office: €300,000,000 | ||
Line 982: | Line 1,044: | ||
* Election Commission: €1,300,000,000 | * Election Commission: €1,300,000,000 | ||
==== Section 17. Debt Repayment and Servicing ==== | ===== Section 17. Debt Repayment and Servicing ===== | ||
* Debt Servicing: €1,400,000,000 | * Debt Servicing: €1,400,000,000 | ||
=== Commencement and Application === | === Article IV. Commencement and Application === | ||
# This Bill shall apply to all of the Federation of Nouvelle Alexandrie. | # This Bill shall apply to all of the Federation of Nouvelle Alexandrie. | ||
# This Bill shall not become law unless it has been given Royal Assent. | # This Bill shall not become law unless it has been given Royal Assent. | ||
# This Bill shall be published and made publicly available. | # This Bill shall be published and made publicly available. | ||
# In the event any provision or part of this Bill is found to be invalid or unenforceable, only that particular provision or part so found, and not the entire Bill, will be inoperative. | # In the event any provision or part of this Bill is found to be invalid or unenforceable, only that particular provision or part so found, and not the entire Bill, will be inoperative. | ||
Latest revision as of 21:37, 19 June 2024
Long title | An Act to Appropriate Funds and Impose Taxation for the Operation of the Government of the Federation of Nouvelle Alexandrie for the Year 1730; Among Other Purposes. |
---|---|
Introduced by | Deputy Godfredo Domínguez (FCP) |
Extent | Entire Federation of Nouvelle Alexandrie |
The General Appropriations and Taxation Act, 1730, introduced by Deputy Godfredo Domínguez of the Federal Consensus Party (FCP), is a comprehensive piece of legislation that aims to navigate the Federation through the fiscal year 1730 AN by allocating government funds across various departments and imposing new taxation measures to support governmental operations. This bill encapsulates the FCP's approach to governance, emphasizing adjustments in tax rates and brackets, and significant appropriations for public services, defense, education, and healthcare, among other sectors.
Key Provisions
The bill introduces several key changes in taxation:
- Adjustments in income tax brackets and rates, notably increasing taxes for higher income brackets.
- Modifications in corporate tax and introducing new tax credits aimed at encouraging investments in manufacturing and energy.
- Changes in capital gains tax to introduce a low rate for profits from residential property and other assets for certain brackets.
- Proposals for raising funds through increased taxes on luxury goods such as liquor, spirits, and tobacco, while maintaining or slightly adjusting other indirect taxes.
- Significant appropriations for departments such as Defense, Education, Social Security, and Public Healthcare, reflecting the government's prioritization of these areas.
Legislative History
Status | Date | Tabled By | Vote Outcome |
---|---|---|---|
Introduced in the Federal Assembly | 02.I.1730 | Deputy Godfredo Domínguez (FCP) | |
Debated in the Federal Assembly | |||
Passed in the Federal Assembly | |||
Royal Assent |
Bill Text
Bill as submitted to the "Hopper" of the Federal Assembly, 02.I.1730
THE GENERAL APPROPRIATIONS AND TAXATION ACT, 1730
THE READING OF
A
BILL
TO
APPROPRIATING FUNDS AND IMPOSING TAXATION FOR THE OPERATION OF THE GOVERNMENT OF THE FEDERATION OF NOUVELLE ALEXANDRIE FOR THE YEAR 1730; AMONG OTHER PURPOSES.
GENERAL APPROPRIATIONS AND TAXATION ACT, 1730
Presented by Godfredo Domínguez, Deputy from Santander, (FCP)
Ordered, by the Cortes Federales of Nouvelle Alexandrie,
to be Printed, 1729 AN.
BE IT ENACTED by the King’s Most Excellent Majesty, by and with the advice and consent of the Cortes Federales, in this present session assembled, and by the authority of the same, as follows:-
An Act to appropriate funds and imposing taxation for the operation of the Government of the Federation of Nouvelle Alexandrie and for purposes connected therewith.
ARTICLE I. CITATION
This Act may be cited in all purposes as the "General Appropriations and Taxation Act, 1730".
ARTICLE II. TAXATION
Section 1. With effect on the first day of the year 1730, the tax rates and brackets will be;
- a. for Income tax:
Federal Income Tax | Income | Current Rates | New Rates |
---|---|---|---|
Standard Deduction | None | €6,000 | |
Personal Exemption | €3,500 | ||
1st Tax Bracket | < €15,000 | 0.80% | 0.80% |
2nd Tax Bracket | < €40,000 | 6% | 6% |
3rd Tax Bracket | < €100,000 | 12% | 12% |
4th Tax Bracket | < €250,000 | 20% | 20% |
5th Tax Bracket | < €400,000 | 25% | 28% |
6th Tax Bracket | < €1,000,000 | 30% | 32% |
7th Tax Bracket | > €1,000,000 | 38% | 40% |
Income Tax Credits | Notes | Current Rates | New Rates |
Earned Income Tax Credit | Tax Credit for Low and
Medium-Income Individuals (Income < €100,000) |
€2,500 | €2,800 |
Child Tax Credit | Tax Credit Provided per child | ||
0-5 Years | €1,100 | €1,100 | |
6-11 Years | No Distrinction | €1,300 | |
12-17 Years | €1,550 | ||
Renewable Energy Tax
Credit |
Tax Credit on renewable
energy production, per kWh |
€0.016 | €0.018 |
Lifetime Learning Credit | Tax credit for qualified
tuition and related expenses paid for eligible students enrolled in an eligible educational institution |
€2,000 | €2,500 |
- b. for corporate tax:
Federal Corporate Tax
& Tax Credits |
Notes | Current Rates | New Rates |
---|---|---|---|
Business Rates | Tax levied on annual income of corporations | ||
< 100 employees | No Separation | 15% | |
> 100 employees | 18% | 18% | |
Investment Credit | Tax Credit on qualified investments
in manufacturing and energy |
10% | 25% |
Employment Credit | Tax Credit on first-
and/or second-year wages paid or incurred on employees |
€10,000 | €10,000 |
R&D Credit | Tax Credit on amounts paid (or
incurred) for qualified research |
65% | 65% |
Low-Income Housing
Credit |
Tax credit on qualified low-income
housing projects |
40% | 40% |
Renewable Energy Credit | Tax credit on renewable energy
production, per kWh |
€0.3 | €0.9 |
Biofuels, Renewable
Fuels and SAF Credit |
Tax credit on use of biofuels or renewable diesels or sustainable
aviation fuel, per Ltr | ||
Biofuels / Renewable Diesel | €0.244 | €0.282 | |
SAFs | €0.452 | €0.498 | |
Small Business Pension
Plan Credit |
Tax credits on eligible small
employers for qualified costs incurred in administering an employer pension plan |
€200 | €200 |
Small Business Health
Insurance Credit |
Tax credits on eligible small
employers for qualified costs incurred in administering employer health insurance premium plans |
€500 | €750 |
Employer Credit for Paid
Parental and Medical Leave |
Tax credits on corporations for
qualified costs incurred on employees for paid leave |
€500 | €500 |
- the Federal Repatriation Tax is maintained at 5.3%
- For Capital Gains Tax:
Capital Gains Tax | Income | Notes | Current Rates | New Rates |
---|---|---|---|---|
Personal Allowance | None | Tax levied on the profits
realised on the sale of a non-inventory asset. This is divided into profits from residential property and from other chargeable Assets |
€6,000 | |
1st Tax Bracket | < €15,000 | All profits | 0% | 0% |
2nd Tax Bracket | < €40,000 | 0% | 0% | |
3rd Tax Bracket | < €100,000 | Residential Property | 0% | 1% |
Other chargeable assets | 0% | 0.5% | ||
4th Tax Bracket | < €250,000 | Residential Property | 2% | 2.5% |
Other chargeable assets | 2% | 2% | ||
5th Tax Bracket | < €400,000 | Residential Property | 4% | 5% |
Other chargeable assets | 4% | 4% | ||
6th Tax Bracket | < €1,000,000 | Residential Property | 12% | 14% |
Other chargeable assets | 12% | 12% | ||
7th Tax Bracket | > €1,000,000 | Residential Property | 20% | 26% |
Other chargeable assets | 20% | 20% |
- For Unemployment Insurance Tax:
Unemployment Insurance Tax | Notes | Current Rates | New Rates |
---|---|---|---|
Employee Rate | Employee and employer
split this payroll tax in half |
1% | 1% |
Employer Rate | 1% | 1% | |
Self-Employed Rate | Self-employed persons pay
the tax over the year, with the year split into quarters |
2% | 2% |
Unemployment Tax Limit | The max amount of income
that is subject to the unemployment payroll tax |
€8,000 | €8,000 |
- For Social Solidarity Tax:
Social Solidarity Tax | Notes | Current Rates | New Rates |
---|---|---|---|
< €143,200 | Payroll tax to fund Social
Solidarity programs such as pensions and similar benefits |
2% | 2% |
< €1,000,000 | 3% | 3.5% | |
> €1,000,000 | 5% | 5% | |
Self-Employed | 3% | 2.5% | |
Social Solidarity Average
Benefits |
the average annual amount of
income that social security beneficiaries receive |
€22,000 | €25,000 |
- For Value Added Tax (VAT):
Value Added Tax | Notes | Current Rates | New Rates |
---|---|---|---|
VAT | 10% | 10% | |
Reduced Rate | For certain exempt items as
provided by law |
5% | 5% |
Special Rate | For certain items as provided
by law, including Water |
2% | 2% |
Stamp Duty | Notes | Current Rates | New Rates |
Notarized Documents | Tax levied on the printing of
notarised documents by the public notary |
€2 | €2 |
Land Titles | Tax levied on the printing of
land titles by the public notary |
€100 | €50 |
- The FSWF Tax is maintained at 8%
- For Gift and Estate Tax:
Gift Tax | Notes | Current Rates | New Rates |
---|---|---|---|
Personal Allowance | Tax levied on the transfer of
property by one individual to another while receiving nothing, or less than full value, in return. |
€15,000 | €15,000 |
< €10,000 | 20% | 18% | |
< €20,000 | 20% | ||
< €50,000 | 24% | ||
< €100,000 | 28% | ||
< €150,000 | 30% | ||
< €250,000 | 32% | ||
< €500,000 | 34% | ||
< €750,000 | 37% | ||
< €1,000,000 | 39% | ||
> €1,000,000 | 45% | ||
Estate Tax | Notes | Current Rates | New Rates |
Personal Allowance | Tax levied on the transfer of
property at someone's death. |
€12,000,000 | €13,000,000 |
Special-use valuation
Ceiling |
€1,200,000 | €1,300,000 | |
> €13,000,000 | 2% | 4% |
- The Licit Drug Excise Tax is maintained at 10%
- For Real Estate Tax:
Real Estate Tax | Notes | Current Rates | New Rates |
---|---|---|---|
Personal Allowance | Tax levied on the value of a property,
imposed on real estate or personal property, computed as the fair market value of the property, per sq. m. |
€250,000 | |
< €925,000 | €0.04 | €0,04 | |
< €1,500,000 | €0,06 | ||
> €1,500,000 | €0,10 | ||
Idle Land Tax | Notes | Current Rates | New Rates |
> 2,000 m2 | Tax levied on the value of idle land,
imposed on agricultural lands suitable for cultivation; or other lands of which half remains underutilized or unimproved |
€0.02 | €0.02 |
- The Airline Ticket Tax is maintained at 23% on ticket order total
- The Petroleum Tax is maintained at €0.2 per barrel
- The Carbon tax is maintained at €12 per tonne
- The Liquor and Spirits Tax is increased to €7.4 per gallon
- The Wine and Beer Tax is increased to €3.7 per gallon
- The Tobacco Tax is maintained at 15% per pack of cigarettes and per box of cigars
- The Deforestation Tax is maintained at €800 per hectare
- For the Gambling Profits Tax:
Real Estate Tax | Notes | Current Rates | New Rates |
---|---|---|---|
General | Tax levied on all
gambling profits |
5% | 5% |
Special Tarriff | Additional tax levied
on horse betting and cock fighting betting |
5% | 10% |
Sports Tariff | Additional tax levied
on sports betting |
5% | 5% |
- The Gun Tax is increased to €40 per gun, per year
- The Tourist Tax is reduced to €5 per tourist/person
Section 2. The Secretary of the Treasury shall provide rules and regulations to implement Section 1 of this Article.
Article III. Appropriations
The following sums are hereby appropriated out of the Treasury not otherwise appropriated, for the operation of the Government of the Federation of Nouvelle Alexandrie, as follows:
Section 1. Department of Treasury
- Federal Bank of Nouvelle Alexandrie: €4,300,000,000
- Federal Mint of Nouvelle Alexandrie: €947,300,000
- Comptroller Services: €886,500,000
- Federal Revenue Authority: €29,500,000,000
- Taxpayer Services: €4,200,000,000
- Enforcement: €15,800,000,000
- Operations Support: €9,500,000,000
- Office of Management and Budget: €634,600,000
- Financial Intelligence: €5,200,000,000
- International Board of Trade: €762,000,000
- Export-Import Bank of Nouvelle Alexandrie: €1,164,000,000
- International Affairs: €20,750,000,000
- Federal Board of Government Management: €717,200,000
- Antitrust Office: €323,600,000
Section 2. Federal Sovereign Wealth Fund
- Federal Sovereign Wealth Fund Tax Contribution: €65,341,356,122
Section 3. Department of Interior
- Crime Investigation: €67,200,000,000
- Federal Gendarmerie: €106,500,000,000
- Crisis Management and Civil Protection: €29,600,000,000
- National Guard: €70,800,000,000
- Intelligence Community: €18,700,000,000
- Migration: €37,300,000,000
- Customs Services: €29,400,000,000
- Border Control: €7,900,000,000
- Administration: €12,500,000,000
- Legal Affairs: €2,400,000,000
- Local Governance Finance: €8,700,000,000
- Information, Education, Communication and Community Relations: €1,400,000,000
Section 4. Department of State
- Diplomatic Intelligence: €219,300,000
- Embassies: €25,400,000,000
- International Organizations: €18,500,000,000
- Raspur Pact: €5,300,000,000
- MTO: €3,600,000,000
- EEU: €5,200,000,000
- CoG: €2,400,000,000
- Others: €2,000,000,000
- Foreign Investment: €47,500,000,000
- Bilateral Economic and Global Health Assistance: €27,300,000,000
- International Security Assistance: €10,600,000,000
- Multilateral Assistance & Development Banks: €5,500,000,000
- International Education & Cultural Exchange Assistance: €3,100,000,000
- Democracy Programs: €1,000,000,000
- Developmental Aid: €55,200,000,000
- Management: €7,600,000,000
- Consular Services: €2,300,000,000
- Diplomatic Security Service: €1,700,000,000
- Foreign Missions & Services: €2,500,000,000
- Overseas Operations: €900,000,000
- National Diplomatic School: €27,300,000
Section 5. Department of Defense
- Military Personnel: €158,700,000,000
- Operation and Maintenance: €55,200,000,000
- Procurement: €43,200,000,000
- Research, Development, Test and Evaluation: €7,600,000,000
- Veterans Affairs: €68,200,000,000
- Military and Foreign Intelligence: €35,100,000,000
- Other Defense Programs: €72,300,000,000
- Defense Health: €68,500,000,000
- Chemical Weapons & Ammunitions: €670,000,000
- Overseas Humanitarian, Disaster, and Civil Aid: €160,000,000
- Counter-Drugs Operations: €650,000,000
- Security Assistance & Peacekeeping: €2,100,000,000
- Counter-Terrorism Operations: €420,000,000
- Office of the Inspector General: €470,000,000
Section 6. Department of Justice
- Civil Law & Justice: €65,300,000,000
- Criminal Prosecution: €44,800,000,000
- Federal Royal Guards: €173,000,000
- NA Intelligence Agency: €18,700,000,000
- Federal Prisons Agency: €12,400,000,000
- Federal Institute of Corrections and Reintegration: €2,534,000,000
- Firearms and Explosives Agency: €868,500,000
- Drugs Enforcement Agency: €277,000,000
- Regional and Local Law Enforcement Grants: €2,700,000,000
- Community Policing: €770,000,000
- Legal Aid: €340,000,000
- Sexual Assault and Domestic Violence: €650,000,000
- Substance Abuse Assistance: €110,00,000
- School Violence Prevention: €260,000,000
- Violence Against Women: €320,000,000
- Community Violence Prevention and Intervention: €85,000,000
- Hate Crimes: €32,000,000
- Community Crime and Public Safety: €143,000,000
Section 7. Department of Labor
- State Pensions: €693,000,000,000
- Unemployment Benefits: €380,000,000,000
- Disability Benefits: €68,000,000,000
- Employment and Training: €10,400,000,000
- Workforce Innovation and Training: €5,800,000,000
- Migrant and Seasonal Workforce: €160,000,000
- Ex-Incarcerated Workforce Reintegration: €280,000,000
- Federal Apprenticeship Program: €590,000,000
- Underage and Youth Workforce: €240,000,000
- Community College training: €180,000,000
- Federal Job Centre: €2,100,000,000
- Senior Community Service Employment: €650,000,000
- Foreign Labor Certification: €320,000,000
- Veterans Reintegration Program: €80,000,000
- Worker Protection: €2,300,000,000
- Wage and Hours Agency: €450,000,000
- Occupational Safety and Health Agency: €1,000,000,000
- Miner Safety & Health Board: €200,000,000
- Employee Benefits Security Administration: €320,000,000
- Labor Inspection Office: €248,000,000
- Bureau of Labor Statistics: €112,600,000
- Women's Employment Office: €63,000,000
- Equal Employment Opportunities Office: €17,600,000
Section 8. Department of Civil Works and Transportation
- Road Building and Maintenance: €107,900,000,000
- Airport Building and Maintenance: €19,050,000,000
- Rail Building and Maintenance: €85,400,000,000
- Federal Infrastructure: €54,200,000,000
- Public Transportation: €57,370,000,000
- Waterways Maintenance: €12,900,000,000
Section 9. Department of Education, Culture, and Sports
Education
- Primary Education: €192,000,000,000
- Local Educational Grants: €101,700,000,000
- Special Education: €85,000,000,000
- Early Start Program: €660,000,000
- Student Support and Enrichment Grants: €1,200,000,000
- Community Learning Centers: €1,300,000,000
- Impact Aid: €1,500,000,000
- Schools Assistance: €150,000,000
- History and Civics Education: €33,000,000
- Education for Homeless Children and Youth: €157,000,000
- Social and Emotional Learning: €300,000,000
- Education Innovation and Research: €85,000,000
- Educator Training and Development: €92,000,000
- Full-Service Community Schools: €123,000,000
- Career, Technical and Adult Education: €31,000,000,000
- CTE Regional Grants: €29,400,000
- CTE National Programs: €180,000,000
- Adult Education Regional Grants: €1,420,000,000
- Student Financial Assistance: €43,000,000,000
- Student Loans: €40,600,000,000
- Supplemental Educational Aid Grants: €800,000,000
- Work-Study Programs: €1,600,000,000
- Higher Education: €73,000,000,000
- Universities and College Grants: €65,600,000,000
- Aid for Institutional Development: €2,100,000,000
- Universities R&D Grants: €3,800,000,000
- Teacher Quality Programs: €750,000,000
- Centers of Excellence: €280,000,000
- Minority Serving Institutions: €390,000,000
- Postsecondary Student Grants: €80,000,000
- Educational Sciences Institute: €860,000,000
Culture & Sports
- Culture: €70,000,000,000
- Arts and Museums: €55,000,000,000
- Film Industry: €7,000,000,000
- National Monuments and Heritage: €4,200,000,000
- Performing and Visual Arts: €3,200,000
- National Archives: €800,000,000
- Sports and Tourism: €19,000,000,000
- Sports: €17,600,000,000
- Tourism: €1,100,000,000
- Gambling and Lottery: €300,000,000
- Promotion of Young Talents: €22,000,000,000
Section 10. Department of Social Security and National Solidarity
- Social Solidarity: €492,000,000,000
- Public Healthcare: €384,000,000,000
- Health Infrastructure and Capacity: €218,000,000,000
- Health Technology and Innovation: €61,000,000,000
- Global Public Health Protection: €85,000,000,000
- Public Health Workforce: €19,000,000,000
- Public Health Efforts: €1,000,000,000
- Motherhood and Infant Health: €140,000,000
- STD Prevention: €660,000,000
- Antibiotic Resistance: €200,000,000
- Basic Services and Needs: €96,000,000,000
- Mental Health: €28,400,000,000
- Suicide and Behavioral Health Prevention: €4,700,000,000
- Substance Use and Prevention Services: €16,500,000,000
- School-based Health Centers: €3,200,000,000
- Maternal and Child Health: €1,400,000,000
- Health Workforce Education and Training: €6,600,000,000
- Nursing & Midwife Program: €2,800,000,000
- Children's Hospital Medical Education: €600,000,000
- Screening and Treatment for Maternal Depression: €150,000,000
- Pediatric Mental Health: €280,000,000
- Family Planning: €3,900,000,000
- STD Health & Prevention: €10,600,000,000
- Rural Health: €8,700,000,000
- Senior Nutrition and Health: €3,800,000,000
- Health for People with Disabilities: €2,900,000,000
- Home and Community-based Support: €850,000,000
- Minority Health: €470,000,000
- Women's Health: €800,000,000
- Domestic Violence Aid: €200,000,000
- Medical Research & Technology: €45,000,000,000
- Bioengineering and Biomedical Imaging: €5,500,000,000
- Cancer Research: €4,000,000,000
- Cardiovascular Disease: €5,500,000,000
- Child Health: €3,000,000,000
- Dental and Craniofacial Research: €2,400,000,000
- Nutrition, Endocrinology and Urology: €2,900,000,000
- Genomics and Genetics: €1,800,000,000
- General Medical Sciences: €3,800,000,000
- Immunology and Infectious Diseases: €6,700,000,000
- Mental Health: €2,400,000,000
- Musculoskeletal and Skin Diseases: €2,800,000,000
- Neurology: €3,900,000,000
- Nursing Technology and Research: €1,050,000,000
- Eye & Ear Health: €750,000,000
- Library of Medicine: €600,000,000
- Epidemic Readiness & Disease Prevention: €55,000,000,000
Section 11. Department of Energy & Environment
Energy
- Energy Efficiency and Renewable Energy: €7,400,000,000
- Regional and Community Energy Programs: €1,200,000,000
- Cybersecurity, Energy Security, and Emergency Response: €2,500,000,000
- Electricity: €780,000,000
- Nuclear Energy: €4,300,000,000
- Fossil Energy and Carbon Management: €8,300,000,000
- Nuclear Waste Disposal: €360,000,000
- Environmental Management: €8,600,000,000
- Environmental Cleanup: €6,500,000,000
- Uranium Enrichment Decontamination and Decommissioning: €800,000,000
- Carbon Capture and Storage: €1,300,000,000
- Power Administration: €27,800,000
Environment
- Land Management and Forests: €4,600,000,000
- Fish and Wildlife: €6,100,000,000
- Ecological Services: €1,700,000,000
- Wildlife Refuges: €4,400,000,000
- National Parks: €19,600,000,000
- National Parks Operations: €16,200,000,000
- Recreation and Preservation: €300,000,000
- Historical Preservation: €3,100,000,000
- Geology: €13,600,000,000
- Ocean Energy Management: €1,300,000,000
- Surface Mining Reclamation and Enforcement: €1,800,000,000
- Environmental Protection: €18,700,000,000
- Science and Environmental Programs: €8,500,000,000
- Regional Assistance Grants: €8,900,000,000
- Clean Water and Drinking Water: €5,800,000,000
- Community Projects: €2,600,000,000
- Brownfield Cleanups: €300,000,000
- Fuels Emissions Reduction: €200,000,000
- Forest and Wildland Fire Management: €2,600,000,000
- Land and Water Conservation: €1,200,000,000
Agriculture
- Food and Nutrition: €186,500,000,000
- Child and Infants Food Program: €10,400,000,000
- Nutrition Assistance: €170,300,000,000
- School Breakfast and Lunch Programs: €5,800,000,000
- International Food Assistance: €5,700,000,000
- Agriculture Marketing Programs: €570,000,000
- National Organic Program: €80,000,000
- Local Agriculture Markets: €470,000,000
- Dairy Business Innovation: €20,000,000
- Agricultural Research: €6,400,000,000
- Agriculture Subsidies: €85,000,000,000
- Animal and Plant Health: €2,600,000,000
- Conservation: €3,800,000,000
- Watershed and Flood Prevention & Rehabilitation: €2,600,000,000
- Urban Agriculture and Innovative Production: €900,000,000
- Forests Reserve: €300,000,000
- Food Safety and Inspection: €2,100,000,000
- Agricultural Statistics Bureau: €82,000,000
Section 12. Department of Research and Development
- Science Funding: €185,000,000,000
- Research and Related Activities: €181,000,000,000
- Climate Science: €7,000,000,000
- Energy Science: €20,800,000,000
- Health & Life Sciences: €87,200,000,000
- Engineering and Technology: €34,500,000
- Social Sciences and Humanities: €3,300,000,000
- Marine Science: €2,200,000,000
- Aeronautics and Space Administration: €24,600,000,000
- Science Missions (Unmanned Programs): €10,700,000,000
- Manned Missions Programs: €13,100,000,000
- STEM Engagement Education: €800,000,000
- Urban Science and Architecture: €1,600,000,000
- Data Science and Analytics: €400,000,000
- Education And Human Resources: €4,000,000,000
- Research and Related Activities: €181,000,000,000
- Technology Grants: €88,400,000,000
- Industry & Manufacturing: €44,200,000,000
- Patent Office: €2,700,000,000
- Technological Innovation: €15,100,000,000
- Economic Development: €26,400,000,000
- Statistics Bureau: €181,000,000
- Standards Council: €25,400,000
Section 13. Department of National Mobilisation
- Digital Infrastructure: €148,000,000,000
- Television & Radio: € 97,000,000,000
- Postal Service: €72,000,000,000
- Telecommunications: €45,200,000,000
- Journalism Support: €8,100,000,000
- Community Service: €1,500,000,000
Section 14. Department of Trade and Industry
- International Trade: €32,500,000,000
- Global Markets: €29,200,000,000
- Enforcement and Compliance: €3,300,000,000
- Small Businesses: €15,800,000,000
- Economic Development: €7,800,000,000
- Public Works: €2,400,000,000
- Community Assistance: €1,500,000,000
- Regional Innovation: €3,600,000,000
- Apprenticeships: €200,000,000
- Minority Business Development: €300,000,000
- Industrial Security: €4,300,000,000
- Fisheries Funding: €5,700,000,000
- Standards and Technology: €420,000,000
- National Manufacturing Capacity Fund: €11,000,000,000
Section 15. Housing and Urban Development
- Housing Construction: €47,100,000,000
- Community & Neighborhood Development: €5,400,000,000
- Housing Construction Projects: €34,200,000,000
- Affordable Housing, Health, Safety, and Maintenance: €2,600,000,000
- Technical Housing Assistance: €4,200,000,000
- Zoning, Land Use, and Planning: €700,000,000
- Housing Benefit: €90,000,000,000
- Rental Assistance: €47,200,000,000
- Public and Social Housing: €34,700,000,000
- Homeless Assistance: €2,100,000,000
- Housing for the Elderly and People with Disabilities: €1,400,000,000
- Self-Sufficiency: €2,600,000,000
- Housing Counseling: €1,300,000,000
- Fair Housing and Equal Opportunity: €500,000,000
- Lead Hazard Control and Healthy Homes: €200,000,000
Section 16. Administration and Other Duties
- Office of the President: €7,300,000,000
- Press Office: €300,000,000
- National Affairs: €2,900,000,000
- Political Affairs: €1,900,000,000
- Institutional Affairs: €500,000,000
- Analysis and Studies: €800,000,000
- General Secretariat: €100,000,000
- Foreign Affairs: €300,000,000
- National Security Committee: €500,000,000
- Federal Assembly: €9,810,000,000
- Members Salaries and Allowances: €6,800,000,000
- Officers and Paid Interns Salaries and Allowances: €1,200,000,000
- Childcare Subsidy: €200,000,000
- Committees Operations: €500,000,000
- Assembly Modernisation Initiative: €100,000,000
- Cortes Buildings, Grounds, and Security: €100,000,000
- Cortes Police: €200,000,000
- Library of the Cortes: €600,000,000
- Copyright Office: €50,000,000
- Cortes Research Service: €400,000,000
- Civics and Democracy Initiative: €40,000,000
- Cortes National History Project: €10,000,000
- Cortes Publishing Office: €100,000,000
- Cortes Workplace Rights Office: €100,000,000
- Cortes Physician and Health Service: €10,000,000
- Chamber of Peers: €2,300,000,000
- Office of the Vice President: €4,300,000,000
- Federal Court of Justice: €7,800,000,000
- Courts of Appeals, District Courts, and Other Judicial Services: €5,900,000,000
- Counsel Services: €1,500,000,000
- Court Security: €400,000,000
- Ministry Personnel and Government Administration: €55,600,000,000
- Federal Civil Service: €54,500,000,000
- Office of National Records: €300,000,000
- Office of Executive Appointments Standards: €200,000,000
- Committee for Ethics in Government: €300,000,000
- Lobbyist and Consultants Registrar: €100,000,000
- Office for the Proclamation and Constitutional Affairs: €50,000,000
- Actuary's Office: €150,000,000
- Regional Budget: €1,900,000,000,000
- Other Duties: €97,000,000,000
- Election Commission: €1,300,000,000
Section 17. Debt Repayment and Servicing
- Debt Servicing: €1,400,000,000
Article IV. Commencement and Application
- This Bill shall apply to all of the Federation of Nouvelle Alexandrie.
- This Bill shall not become law unless it has been given Royal Assent.
- This Bill shall be published and made publicly available.
- In the event any provision or part of this Bill is found to be invalid or unenforceable, only that particular provision or part so found, and not the entire Bill, will be inoperative.