Bill: Rejected Property Taxation Amendment Act

[Talion77]

A
BILL
To

Amend the Taxation Act​

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:

1 - Short Title and Enactment

(1) This Act may be cited as the 'Property Taxation Amendment Act.'

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

(3) This Act has been authored by Speaker Talion77, featuring a formula from President of the Senate Multiman155.

(4) This Act has been co-sponsored by Deputy Speaker Scassany.

2 - Reasons

(1) To amend the Taxation Act.

(2) To discourage wealthy individuals from hoarding plots at the loss of small businesses.

(3) To increase revenue for the Commonwealth.

3 - Amendments to the Taxation Act

Section 13 of the Taxation Act shall be amended as follows:

"

13 - Property Tax
(1) Where x is the amount of plots a player owns, and y is the amount taxed per day, property taxes shall be calculated as follows: y = 2.5(x^2)-6x
(a) Property taxes for players who own 10 or more plots shall instead be calculated as follows, where x is the amount of plots a player owns, and y is the amount taxed per day: y = 2.5(x^2)-6x + 0.075(x-10)^4
(2) Players shall not be taxed for property tax if they own 3 or fewer plots.

Spoiler: Property Tax

Number of Plots	Taxation Rate ($ per day)	Amount per week ($)
1	0	0
2	0	0
3	0	0
4	16	112
5	32.50	227.50
6	54	378
7	80.50	563.50
8	112	784
9	148.50	1039.50
10	190	1330
11	236.50	1655.50
12	288	2016
13	344.50	2411.50
14	406	2842
15	472.50	3307.50
16	544	3808
17	620.50	4343.50
18	702	4914
19	788.50	5519.50
20	880	6160
21	976.50	6835.5
22	1078	7546
23	1184.50	8291.50
24	1296	9072
25	1412.50	9887.50
26	1534	10738
27	1660.50	11623.50
28	1792	12544
29	1928.50	13499.50
30	2070	14490

Spoiler: Property Tax

Number of Plots	Taxation Rate ($ per day)	Amount per week ($)
1	0	0
2	0	0
3	0	0
4	16	112
5	32.50	227.50
6	54	378
7	80.50	563.50
8	112	784
9	148.50	1039.50
10	190	1330
11	236.58	1656.06
12	289.20	2024.4
13	350.58	2454.06
14	425.20	2976.40
15	519.38	3635.66
16	641.20	4488.40
17	800.58	5604.06
18	1009.20	7064.40
19	1280.58	8964.06
20	1630	11410
21	2074.58	14522.06
22	2633.20	18432.40
23	3326.58	23286.06
24	4177.20	29240.40
25	5209.38	36465.66
26	6449.20	45144.40
27	7924.58	55472.06
28	9665.20	67656.40
29	11702.58	81918.06
30	14070	98490

"

 

[Scassany]

Vote failed due to quorum.