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{
    "id": 1590413,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1590413/?format=api",
    "text_counter": 343,
    "type": "speech",
    "speaker_name": "Molo, UDA",
    "speaker_title": "Hon. Kuria Kimani",
    "speaker": null,
    "content": "Clause 27 proposes to remove the provision in the Income Tax Act that grants a special accelerated investment deduction of up to 100 per cent for capital investments located outside Nairobi and Mombasa. This deduction currently allows businesses such as buildings, machinery, and industrial equipment to claim substantial tax relief on qualifying capital expenditures. However, the Committee expressed concern that removing this incentive could discourage investment in regions outside the two major urban centres. The accelerated deduction has been a deliberate policy tool to promote equitable regional development, industrial decentralisation, and job creation in underserved areas. Eliminating it may inadvertently widen regional disparities, slow down infrastructure expansion, and hinder government’s efforts under BETA that prioritise inclusion in economic growth across all counties."
}