Bill: Draft Chestshop Tax & Grant Amendment Act

[Kaizered]

CONGRESS OF THE
COMMONWEALTH OF REDMONT
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A BILL TO

REMOVE CHESTSHOP TAX AND FOR-PROFIT GRANTS
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The people of the Commonwealth of Redmont, through their elected Representatives in the Congress and the force of law ordained to that Congress by the people through the constitution, do hereby enact the following provisions into law:
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PART I — PRELIMINARIES

1. Short Title and Enactment

(1) This Act may be cited as the ‘Chestshop Tax & Grant Amendment Act’.

(2) This Act shall be enacted immediately upon its signage.

(3) This Act has been authored by Senator unalign.

(4) This Act has been sponsored by Representative Kaizered.

(5) This Act has been co-sponsored by Senator unalign.

(6) This Act amends the following Acts:

(a) Taxation Act.

(b) Grant Guideline Act.

2. Reasons and Intent

(1) Congress is meant to represent the people of the Commonwealth of Redmont and the people are angry right now at chestshop tax.

(2) This Act maintains a 0% chestshop sales tax so that ordinary commerce remains accessible and affordable for the people of Redmont.

(3) A chestshop sales tax affects ordinary shop owners and buyers alike, as sellers may need to increase prices to recover the tax withheld from their sales.

(4) Chestshop taxes make around $400,000 to $500,000 a month, and this Act will cut about that much in grants by limiting Department of Commerce grant spending to $200,000 per month.

(5) The Department of Commerce grants are public funds belonging to tax payers, and should not be used to help out a self-interested for profit business over a public, charitable, or non-commercial purpose.

PART II — AMENDMENTS TO TAXATION

3. Chestshop Sales Tax

(1) Part IV, Section 13(1) of the Taxation Act shall be amended as follows:

(1) A chestshop sales tax of 2.5% is imposed on every chestshop transaction.

(1) A chestshop sales tax of 0% is imposed on every chestshop transaction.

PART III — AMENDMENTS TO GRANTS

4. Definitions

(1) The following shall be added to Part I, Section 3(1) of the Grant Guideline Act:

(c) Non-Profit Organization. An organization registered as a Non-Profit Organization under PART XV — NON-PROFIT of the Redmont Corporate Entities Act.

(d) Private Profit. Money or assets distributed to an owner, shareholder, member, director, officer, or other private person for their personal benefit.

5. Grant Eligibility and Guidelines

(1) Section 1(1) of Part II of the Grant Guideline Act shall be amended as follows:

(1) Players must request grants by:

(1) Non-Profit Organizations must request grants by:

(a) Stating which grant pool they are applying under.

(b) Stating the requested funding.

(c) Stating what they intend to spend said funding on.

(d) Stating the deadline by which the funds will have been spent.

(e) Providing evidence that the organization is registered as a Non-Profit Organization under PART XV — NON-PROFIT of the Redmont Corporate Entities Act.

(2) Section 1(2) of Part II of the Grant Guideline Act shall be amended as follows:

(2) The DoC may only accept grants by:

(2) The DoC may only accept grants from Non-Profit Organizations by:

(a) Stating the total grant amount granted.

(b) Stating how the grant amount should be spent.

(i) The DoC may also specify how the grant is not permitted to be used.

(c) The DoC may regulate a maximum period for grant spending.

(i) This must be higher than 30 days.

(d) Verifying that the organization is registered as a Non-Profit Organization under PART XV — NON-PROFIT of the Redmont Corporate Entities Act before awarding the grant.

(e) Stating that the grant may not be used for private profit.

(3) Section 1(3) of Part II of the Grant Guideline Act shall be amended as follows:

(3) Players must provide evidence of accepted grants being used for their intended purpose by:

(3) Grant recipients must provide evidence of accepted grants being used for their intended purpose by:

(a) Submitting Evidence within 7 days of the end of the deadline for fund spending.

(4) Section 1(4) of Part II of the Grant Guideline Act shall be amended as follows:

(4) The DoC may reclaim the grant amount by:

(a) Requesting the money back, if evidence was not provided according to Section 1(3)(a).

(b) Requesting the money back if the grant was used for a purpose other than the purpose stated in the grant application.

(c) Requesting the money back if the grant was used for private profit.

(d) Requesting the money back if the grant recipient was not registered as a Non-Profit Organization at the time the grant was awarded.

(e) Requesting the money back if the grant recipient’s registration as a Non-Profit Organization is revoked or otherwise ceases to be valid.

(5) Section 1(5) of Part II of the Grant Guideline Act shall be amended as follows:

(5) Players may return any sum of grants that they are unable to spend or no longer require without penalty if:

(5) Grant recipients may return any sum of grants that they are unable to spend or no longer require without penalty if:

(a) It is within 7 days of the end of the spending deadline.

(6) The following shall be added to Section 1 of Part II of the Grant Guideline Act:

(6) A recipient of a grant from the DoC shall use the grant exclusively for the intended purpose stated in the grant application.

(7) Grant funds shall not be used to:

(a) Distribute private profit to an owner, shareholder, member, director, officer, or other private person.

(b) Pay dividends, profit distributions, or similar private benefits.

(c) Enrich an owner, member, director, officer, or other private person beyond reasonable compensation for work performed.

(d) Transfer grant funds to a For-Profit Organization for a purpose unrelated to the intended purpose of the grant.

(8) Grant funds may be used for reasonable expenses necessary to fulfill the intended purpose of the grant, including:

(a) Reasonable compensation for work directly connected to the grant.

(b) Reimbursement of legitimate expenses.

(c) The purchase of goods or services necessary to complete the intended purpose of the grant.

(9) Any grant funds that are not used by the end of the deadline for fund spending must be returned to the DoC unless the DoC approves otherwise.

(10) The DoC shall not award grants to:

(a) For-Profit Organizations.

(b) Any organization that is not registered as a Non-Profit Organization under PART XV — NON-PROFIT of the Redmont Corporate Entities Act.

(c) Individuals acting in their personal capacity.

(11) The DoC shall not award more than $200,000 in grants in total during any calendar month.

(12) This Section shall apply to all grants awarded after the enactment of the No Chesthop Tax, No For-Profit Grant Act.

(13) Existing grants shall remain subject to the terms under which they were awarded, unless the grant is renewed, extended, or materially amended after this Act is enacted.