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{
    "id": 689309,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/689309/?format=api",
    "text_counter": 422,
    "type": "speech",
    "speaker_name": "Hon. Langat",
    "speaker_title": "",
    "speaker": {
        "id": 384,
        "legal_name": "Benjamin Kipkirui Langat",
        "slug": "benjamin-langat"
    },
    "content": "Hon. Temporary Deputy Chairlady, I beg to move:- THAT, the Bill be amended by inserting the following new clause immediately after Clause 4 – Amendment of 4A. Section 15 of the Income Tax Act is amended in - section 15 of Cap. (a) subsection (2) by inserting the following new paragraph 470. immediately after paragraph (y)– “(z) expenditure incurred in that year of income by a person sponsoring sports, with the prior approval of the Cabinet Secretary responsible for sports”; (b) subsection (3) (b) by deleting the words “one hundred and fifty” and substituting therefor the words “three hundred”. The purpose of that is to allow expenditure incurred by a person sponsoring sports, with the approval of the Cabinet Secretary responsible for ports, deducted for tax purposes. This is to give incentive to companies that sponsor sports like football, athletics and so forth so that we encourage them to sponsor sports in our country – especially in athletics which we are doing very well. We will encourage many people to engage in sports if we have people sponsoring that. At least, Kenya could be on the map of the world, especially on football. We need football to grow in this country."
}