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"id": 218043,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/218043/?format=api",
"text_counter": 93,
"type": "speech",
"speaker_name": "Mr. Kimunya",
"speaker_title": "The Minister for Finance",
"speaker": {
"id": 174,
"legal_name": "Amos Muhinga Kimunya",
"slug": "amos-kimunya"
},
"content": "Mr. Speaker, Sir, on measures to promote housing development, the current housing and shelter is still inadequate to meet the demands of Kenyans. Last year, I exempted interest earned on deposits for home ownership savings plans of up to Kshs3 million. To further encourage development of housing and provision of affordable housing to Kenyans, I propose to:- (i) give industrial building allowance to persons constructing residential buildings for rental purposes for the low income earners; and, (ii) zero-rate the taxable goods and taxable services supplied to specific projects for the construction of a minimum of 20 units of houses situated in planned development schemes for the low income earners."
}