Establishment of Social and Economic Development Zones Bill (Law'd)
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  Establishment of Social and Economic Development Zones Bill (Law'd)
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Author Topic: Establishment of Social and Economic Development Zones Bill (Law'd)  (Read 2365 times)
MasterJedi
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« on: June 05, 2009, 07:59:26 AM »
« edited: June 13, 2009, 08:41:17 AM by Senator MasterJedi, PPT »

Establishment of Social and Econonic Development Zones Bill

Preamble

The Senate recognises that both the current recession and the cumulative post-industrial changes in the Atlasian economy has had a disproportionate effect on industrial and agricultural communities across Atlasia leading to decline, unemployment, poor access to training, societal problems and family breakdown.

Section 1

a. The Senate will therefore establish Social and Econonic Development Zones (SEDZ) to target development and regeneration in such areas.

b. The responsibility of establishing and siting SEDZ's shall rest with regional governments

c. The Senate shall appropriate $500 million to each region to enable the establishment of SEDZ's and to fund improvements in infrastructure.

Section 2.

a. Within each SEDZ, federal taxation shall be suspended for any new or relocated business, commercial company, factory or farm as follows;

For 18 months if there is an annual pre-tax profit of less than $250,000
For 12 months if there is an annual pre-tax profit of between $250,001 and $500,000
For 6 months if there is an annual pre-tax profit of over $500,000

b. Beyond these periods, federal business and commercial taxes in SEDZ's will be pegged at 20% less than the national rate in 2009 and 2010. This arrangement will be reviewed in financial year 2011.

Section 3

a. Priority shall be given to SEDZ's by federal and regional governments when siting new or relocated offices and agencies of government.

Spon: Sen. Afleitch
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Purple State
Junior Chimp
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« Reply #1 on: June 05, 2009, 11:15:43 AM »

I like the idea. It helps all business, but small businesses in particular.

I would like an amendment to 2b to read as follows:
b. Beyond these periods, federal business and commercial taxes in SEDZ's will be pegged at 20% less than the national rate in 2009 and 2010 or at 5%, whichever is greater. This arrangement will be reviewed in financial year 2011.
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MasterJedi
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« Reply #2 on: June 08, 2009, 08:04:33 AM »

Since Afleitch hasn't said anything I hereby open up a vote on this amendment. Please vote Aye, Nay or Abstain.

I would like an amendment to 2b to read as follows:
b. Beyond these periods, federal business and commercial taxes in SEDZ's will be pegged at 20% less than the national rate in 2009 and 2010 or at 5%, whichever is greater. This arrangement will be reviewed in financial year 2011.
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HappyWarrior
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« Reply #3 on: June 08, 2009, 08:41:09 AM »

AYE
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afleitch
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« Reply #4 on: June 08, 2009, 02:25:15 PM »

Aye.

I'm fine with the amendment Smiley
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Associate Justice PiT
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« Reply #5 on: June 08, 2009, 02:51:44 PM »

     Aye
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Marokai Backbeat
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« Reply #6 on: June 08, 2009, 03:07:21 PM »

So, all this bill does is cut taxes for certain "underdeveloped" areas, yes? That seems like a rather insufficient way of stimulating economic development compared to other things we could be doing. I don't mind the idea, but this shouldn't be our one-and-only solution to the economic downturn we're facing.

Aye, for the sake of debate, I suppose. But I'm not crazy about the bill.

What are we defining as underdeveloped areas, anyway?
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RI
realisticidealist
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« Reply #7 on: June 08, 2009, 03:18:16 PM »

Sure.
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Franzl
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« Reply #8 on: June 08, 2009, 04:15:17 PM »

Aye
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afleitch
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« Reply #9 on: June 08, 2009, 05:32:48 PM »

So, all this bill does is cut taxes for certain "underdeveloped" areas, yes? That seems like a rather insufficient way of stimulating economic development compared to other things we could be doing. I don't mind the idea, but this shouldn't be our one-and-only solution to the economic downturn we're facing.

Aye, for the sake of debate, I suppose. But I'm not crazy about the bill.

What are we defining as underdeveloped areas, anyway?

The definition of underdeveloped areas shall be left to the regions, as there are quite specific urban/rural differences. SEDZ's are a leg up for underdevloped and neglected parts of Atlasia, areas that sunk as long as 40 years ago and have never been given the ability to perform to their full potential. The plan is very similar to succesful plans for development enacted in the UK.
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Purple State
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« Reply #10 on: June 08, 2009, 06:52:56 PM »

Aye
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MasterJedi
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« Reply #11 on: June 08, 2009, 08:35:50 PM »

Aye


With 8 Ayes, 0 Nays and 0 Abstentions this amendment has passed.
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HappyWarrior
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« Reply #12 on: June 08, 2009, 09:40:41 PM »

I am strongly in favor of this bill.  Such measures have worked in many American cities and I am confident it will work nationwide.
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Marokai Backbeat
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« Reply #13 on: June 08, 2009, 09:42:47 PM »

I am strongly in favor of this bill.  Such measures have worked in many American cities and I am confident it will work nationwide.

I do agree that it seems like a bright idea as part of a larger plan for economic recovery.
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Franzl
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« Reply #14 on: June 09, 2009, 04:51:44 AM »

This is a very good bill that will help stimulate the Atlasian economy.
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MasterJedi
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« Reply #15 on: June 10, 2009, 07:46:04 AM »

I hereby open up a final vote on the bill below. Please vote Aye, Nay or Abstain.

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Aye
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Franzl
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« Reply #16 on: June 10, 2009, 08:22:09 AM »

Aye
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HappyWarrior
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« Reply #17 on: June 10, 2009, 09:51:19 AM »

AYE
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Associate Justice PiT
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« Reply #18 on: June 10, 2009, 10:17:40 AM »

     Aye
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RI
realisticidealist
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« Reply #19 on: June 10, 2009, 10:41:44 AM »

Aye.
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afleitch
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« Reply #20 on: June 10, 2009, 01:53:02 PM »

Aye
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Bacon King
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« Reply #21 on: June 10, 2009, 01:54:25 PM »

aye
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MasterJedi
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« Reply #22 on: June 10, 2009, 02:21:42 PM »

This bill has enough votes to pass. Senators now have 24 hours to change their votes.
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Marokai Backbeat
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« Reply #23 on: June 10, 2009, 02:50:10 PM »

Eh.. Aye.
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Purple State
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« Reply #24 on: June 10, 2009, 06:16:21 PM »

Aye
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