Object of the Bill
The object of this bill is to amend section 21 of the Income Tax Act, Cap. 338, to exempt the income of the Bujagali Hydro Power Project from tax.
Bill Document
Other Attachments
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CFI for Income Tax Amendment (Amendment)Bill, 2025.pdf
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The Income Tax (Amendment) Act, 2025.pdf
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FPED3-25-Report on the Income Tax(Amendment)(No.2)Bill,2025 (Including Minority Reports).pdf
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The Income Tax (Amendment) Bill, 2025.
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
The bill is still at First Reading, and the first stage is a passage through the floor of parliament. This stage is usually a formality, primarily focusing on introducing the Bill to the Parliament. It takes place without debate, and the first reading of a Bill can occur anytime in a parliamentary session. The significance of this stage lies in the fact that it marks the formal introduction of the Bill to the Parliament, setting the stage for further discussions and debates.
Second Reading
The bill is in the second stage. The second reading is the first opportunity for MPs to debate the main principles of the Bill. It usually takes place up to 45 days after the first reading. Once the second reading is complete, the Bill proceeds to the committee stage, where each clause (part) and any amendments (proposals for change) to the Bill may be debated.
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. This act of consent, a formal agreement by the State, represents the final step in the Bills process, underscoring the pivotal role of the President in the legislative process and the importance of checks and balances in our democratic system.
End
Bill passed on 30/06/2025
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. This act of consent, a formal agreement by the State, represents the final step in the Bills process, underscoring the pivotal role of the President in the legislative process and the importance of checks and balances in our democratic system.
Bill Withdrawn on 01/01/1970