First Reading of the Draft Act on Amendments to the Income Tax Act (Bill 115 SE)
Session: 15th Riigikogu, 3rd sitting, plenary session
Date: 2024-01-17 17:28
Participating Politicians:
Total Speeches: 6
Membership: 15
Agenda Duration: 4m
AI Summaries: 6/6 Speeches (100.0%)
Analysis: Structured Analysis
Politicians Speaking Time
Politicians
Analysis
Summary
Agenda item number seven concerned the first reading of Draft Act 115 on the amendment of the Income Tax Act, initiated by Riigikogu members Henn Põlluaas, Kert Kingo, and Rain Epler. The draft was presented by Kert Kingo, who explained that the purpose of the bill was to amend the version of the Income Tax Act that entered into force on April 1, 2023, by reducing the income tax rate applicable to the income of natural persons and non-residents to 19.8%, while leaving the corporate income tax rate unchanged.
The lead committee, the Finance Committee, proposed via Annely Akkermann that the draft be rejected. After the closure of the debates, the lead committee's proposal was put to a vote. With a voting result of 40 votes in favor and 10 votes against, Draft Act 115 was rejected during the first reading and dropped out of the proceedings.
Decisions Made 1
Bill 115 was rejected during the first reading and consequently fell out of the legislative procedure.
Aseesimees Toomas Kivimägi
AI Summary
The Riigikogu is set to begin the first reading of Bill 115, which was introduced by Henn Põlluaas, Kert Kingo, and Rain Epler. The presentation will be delivered by Riigikogu member Kert Kingo.
Kert Kingo
AI Summary
Income tax law amendment proposal No. 115, which was submitted on May 11, 2023, has entered into proceedings eight months later. According to this proposal, the income tax rate for natural persons and non-residents would be reduced to 19.8%, but the income tax rate for legal entities will not be changed.
Aseesimees Toomas Kivimägi
AI Summary
Toomas Kivimägi offered his thanks and announced that there were no questions, subsequently giving the floor to Annely Akkermann on behalf of the lead committee.
Annely Akkermann
Profiling Eesti Reformierakonna fraktsioonAI Summary
The Finance Committee discussed the bill and decided to propose that it be rejected.
Aseesimees Toomas Kivimägi
AI Summary
Vice-Chairman Toomas Kivimägi announced that the lead committee's proposal to reject Draft Bill 115 during its first reading has been put to a vote.
Aseesimees Toomas Kivimägi
AI Summary
Forty members of the Riigikogu voted in favor, 10 against, 0 abstained; Bill 115 was rejected during the first reading and is removed from the proceedings.