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{
    "id": 1080173,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1080173/?format=api",
    "text_counter": 322,
    "type": "speech",
    "speaker_name": "Homa Bay CWR, ODM",
    "speaker_title": "Hon. (Ms.) Gladys Wanga",
    "speaker": {
        "id": 590,
        "legal_name": "Gladys Atieno Nyasuna",
        "slug": "gladys-atieno-nyasuna"
    },
    "content": "(b) by inserting the following new subsection immediately after subsection (1) − (1A). Notwithstanding paragraph 1, the investment deduction shall be one hundred per cent where— (a) the cumulative investment value in the preceding three years outside Nairobi City County and Mombasa County is at least ten billion shillings; or (b) the person has incurred investment in a special economic zone. This clause relates to investment deductions. It is moving it from making investment deduction on reducing balance and making it on a straight line so that once you have reduced, you continue reducing. So, the investment deductions will end before it is too long. That is what the amendment is trying to do. It goes further to define civil works so that it is clear. For example, roads and parking, railway lines and related structures, water, industrial effluent and sewerage works as it appears in the Order Paper. There is also an important definition of “Farm works” Lack of a definition of “farm works” makes those who are investing in agriculture through building farm houses and labour quarters to not qualify for investment deduction. This definition makes agriculturalists and farmers have a clear understanding of it."
}