Bill: Rejected RI Business Transparency Act

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RandomIntruder

Citizen
Education Department
Commerce Department
Redmont Bar Assoc.
Supporter
RandomIntruder
RandomIntruder
economist
Joined
Oct 3, 2022
Messages
118
A
BILL
To

Create a 1:1 correlation between in-game companies using the plugin and the business portal.

The people of Democracy Craft, 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 ‘Business Transparency Act'
(2) This Act shall be enacted for new companies immediately. Companies made in game before 11/15/2022 will have 7 days to remove or register their company without consequence.
(3) This bill is authored by RandomIntruder
(4) The Act has been co-sponsored by: Sen. LilDigiVert and Rep. VanillaChai

2 - Reasons
(1) To ensure that entrepreneurs of Redmont are not creating multiple companies, some of which are not posted on the forums, in order to gain tax advantages.
(2) To improve a citizen’s ability to find companies both in and out of game.

3 - Terms
(1) All companies in the forums must update their Business Portal page with the in-game company name upon creation of the company.
(2) All companies that are found to be in the global company list with a non-zero balance and without being registered in the forums will be removed.
(4) All companies found to be in violation of the act will be removed.
(5) First time offenders will be warned and given 7 days before the punishments listed in Section 4 will be carried out.

4 - Punishment for Failure to Comply
First Offense: $100 fine + company removed + company balance returned to creator
Second Offense: $500 fine + entrepreneur license revoked for 1 month + company removed and balance repossessed by government with no return.
Third and Consequent Offense: $500 x the number of offenses + entrepreneur license revoked for 2 months + company removed and balance repossessed by government with no return.
 
Last edited:

Presidential Assent

This bill has been granted assent and is hereby signed into law.

 
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