Object of the Bill
The object of this Bill is to amend the Income Tax Act, Cap. 338, to provide for the exemption of startup businesses established by a citizen for a period of three years from tax; to extend the tax exemption of Bujagali Hydro-power project up to 30th June, 2032; to amend Schedule 2 to the Act to prescribe the International Atomic Energy Agency as a listed institution and for related matters
Bill Document
Other Attachments
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CFI for the Income Tax (Amendment)(No.2)Bill,2025.pdf
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The Income Tax (Amendment)(No.2)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.
Bill in Committee for more than 45 days
Second Reading
Third Reading
Presentation/Waiting Assent
Assented by President
End
Bill passed on 01/01/1970
Bill Withdrawn on 01/01/1970