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{
    "id": 689012,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/689012/?format=api",
    "text_counter": 125,
    "type": "speech",
    "speaker_name": "Hon. Langat",
    "speaker_title": "",
    "speaker": {
        "id": 384,
        "legal_name": "Benjamin Kipkirui Langat",
        "slug": "benjamin-langat"
    },
    "content": "(i) in the case of a company that constructed at least four hundred residential units annually, fifteen percent for that year of income subject to approval by the Cabinet Secretary responsible for housing: provided that where a company is engaged in multiple activities which include the ones specified in subparagraph (i), the rate of twenty percent shall be applied proportionately to the extent of the turnover arising from the housing activity. (b) by inserting the following new paragraph immediately after paragraph (d)− (e) Head B of the Third Schedule to the Income Tax Act is amended– (i) in paragraph 3 by deleting subparagraph (m); (ii) in paragraph 5 by deleting subparagraph (j). I wish to move a further amendment by deleting the words “twenty per cent” where they appear and replace them with “fifteen percent”. I think it was a typing error because we only have one rate of 15 per cent."
}