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{
    "id": 734932,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/734932/?format=api",
    "text_counter": 142,
    "type": "speech",
    "speaker_name": "Hon. Ichung’wah",
    "speaker_title": "",
    "speaker": {
        "id": 1835,
        "legal_name": "Anthony Kimani Ichung'Wah",
        "slug": "anthony-kimani-ichungwah"
    },
    "content": "Thank you, Hon. Temporary Deputy Chairlady. If the Leader of the Majority Party and Hon. Wamunyinyi can be quiet for a minute, I will give the clarity that the Member is asking for on the NHIF. He says he did not hear the justification clearly from the Leader of the Majority Party. The Leader of the Majority Party was talking about spurring development especially of residential housing units. What had happened is that under the Income Tax Act, the National Social Security Fund (NSSF) as a social security Fund has been included in the Schedule. Therefore, the income that they derive from the investment activities is not taxed. However, the income of the NHIF, which is equally an important health security Fund, derived from such investments is taxed. Therefore, we just want to align that to make sure that both NSSF and NHIF are on the same tax regime. It helps because the NHIF invests in housing. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}