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{
    "id": 246645,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/246645/?format=api",
    "text_counter": 65,
    "type": "speech",
    "speaker_name": "[The Minister for Finance]",
    "speaker_title": "",
    "speaker": {
        "id": 168,
        "legal_name": "Uhuru Muigai Kenyatta",
        "slug": "uhuru-kenyatta"
    },
    "content": "Mr. Speaker, Sir, fifth, I also propose to reduce the duty on un-assembled kits for motor cycles imported by approved local assemblers from 25 per cent to 10 per cent. This will be for both bicycles and motorcycles. Sixth, electrical energy costs have continued to adversely affect household budgets. To promote energy efficiency and reduce energy costs on consumers, I propose to remove the duty on energy saving bulbs. Seventh, to create employment through the promotion of youth talents in sports, music and drama; and to tap our potential that we have in our youth so that they can expose themselves to a 1416 PARLIAMENTARY DEBATES June 15, 2006 wider audience than they currently do, I propose to exempt from Value Added Tax (VAT) entertainment services supplied by our local Kenyan artists. Eighth, Mr. Speaker, Sir, while the property sector has grown tremendously in the recent past, its share of income tax contribution has not grown as much. To ensure the equity between those who have and those who do not have in our tax system and to ensure that those who derive their income from capital gains that they contribute to the financing our development programmes, I propose to lift the suspension and re-introduce the taxation of capital gains on transfer of property other than road vehicles and marketable securities. Ninth, as we reduce dependency on donor support, it will be important for all Kenyans to contribute to development of this country. In this regard, I am proposing that in addition to taxing the salaries of constitutional office holders, the housing and entertainment allowances payable to these office holders be taxed like is currently the case for all other Kenyans."
}