Object of the Bill
The object of this Bill is to amend the Tax Procedures Code Act, 20L4, to require a taxpayer who intends to claim a deduction of or credit for the goods destroyed to inform the Commissioner before the destruction of the goods.
Bill Document
Other Attachments
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FPED3-24-Report on the Tax Procedures Code (Amendment) Bill, 2024.pdf
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Minority Report on the Tax Procedures Code (Amendment) Bill, 2024 (2).pdf
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Minority Report on the Tax Procedure Code (Amendment) Bill, 2024.pdf
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Minority Report on the Tax Procedures Code(Amendment)Bill,2024 (2).pdf
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Tax Procedures Code (Amendment) Act, 2024.pdf
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The Tax Procedures Code (Amendment) Bill, 2024
Sponsored By Hon. Matia Kasaija (Minister of Finance, Planning and Economic Development)
Committee: The Committee on Finance, Planning and Economic Development
Start
First Reading/Committee
Bill is still at First Reading, the first reading being the first stage of a Bill passage through the Floor of Parliament and is usually a formality, it takes place without debate, and the first reading of a Bill can occur anytime in a parliamentary session.
Second Reading
The Bill has now progressed to the Second Reading, a stage that offers the first opportunity for MPs to engage in a democratic debate on the main principles of the Bill. This stage, which usually takes up to 45 days after the first reading, allows for thorough discussion and ensures that all voices are heard. Once the second reading is complete, the Bill moves to the committee stage, where each clause and any amendments to the Bill may be debated, further highlighting the democratic nature of the process.
Third Reading
Parliament has passed the Bill. The third reading is the final chance for the Members of Parliament to debate its contents. Here, the debate is usually short and limited to what is actually in the Bill rather than, as at the second reading, what might have been included.
Presentation/Waiting Assent
The Bill is now awaiting the Presidents assent, a crucial step in its journey. When the Floor of Parliament has passed a Bill, it is presented to the President, who carefully reviews it, considering its implications and ensuring it aligns with the governments policies and the Constitution. The Presidents assent is the final step in the Bills journey, marking its transition from a proposed law to an enacted one, underscoring this decisions importance in the legislative process.
Assented by President
At this crucial point, the Bill has transformed into an Act of Parliament, marking a significant milestone in its journey. However, it requires the Presidents assent before it can be enacted into law. As a formal agreement by the State, this act of consent represents the final step in the Bills process, underlining the vital role that the President plays in the legislative process and the importance of checks and balances in our democratic system.
End
Bill passed on 15/07/2024
At this crucial point, the Bill has transformed into an Act of Parliament, marking a significant milestone in its journey. However, it requires the Presidents assent before it can be enacted into law. As a formal agreement by the State, this act of consent represents the final step in the Bills process, underlining the vital role that the President plays in the legislative process and the importance of checks and balances in our democratic system.
Bill Withdrawn on 01/01/1970