General Appropriations and Taxation Act, 1730
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Key Provisions
Legislative History
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. This includes |
€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 unutilized 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: €550,000,000
- Occupational Safety and Health Agency & Miner Safety and Health Board: €1,100,000,000
- 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: €7,600,000
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
- Agriculture Subsidies: €85,000,000,000
- 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
- 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: €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
Section 15. Housing and Urban Development
- Housing Construction: €47,100,000,000
- Housing Benefit: €90,000,000,000
