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{
    "id": 1377975,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1377975/?format=api",
    "text_counter": 1435,
    "type": "speech",
    "speaker_name": "Molo, UDA",
    "speaker_title": "Hon. Kimani Kuria",
    "speaker": null,
    "content": " Hon. Temporary Chairlady, I beg to move that the Second Schedule be now read a second time. As I explained earlier, this Second Schedule also amends the Income Tax Act to make the Housing Levy a deductible expense for companies. That means when companies are paying for their corporation tax, the employer contribution becomes a tax allowable expense for corporation tax. Further, the employees who will be paying the Housing Levy will now qualify for the Affordable Housing Relief. This would reduce the tax burden that is on Kenyans' payslips. Thirdly, by amending the Kenya Revenue Authority Act to include the Affordable Housing Act of 2024, it will make KRA the authority responsible for the collection of the levy."
}