{"id":218043,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/218043/?format=json","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."}