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[Yap State News Brief] Congressmen Prepares For Special Session On Tax Reform

Resource: Yap State News Brief/April 15, 2013

NIMAR, Yap (FSM Congress News – Yap Congressional Delegation) — Congressman Joseph Urusemal of the Yap Congressional Delegation prepares to depart Yap on April 14, 2013 to join Speaker Isaac V. Figir, and the other FSM Congressmen, at the nation’s capitol in Palikir, Pohnpei for a special session of Congress set to begin on April 15th. The primary purpose of this special session of Congress is to discuss laws relating to tax reform, specifically a bill seeking to repeal Section 934, also known as the “Sunset Clause”, of the new Revenue Administration Act of 2012 (RAA).

 

President Manny Mori called for this five days special session of Congress in his communication to Speaker Figir on April 5, 2013. In his letter, President Mori expressed that an urgent special session of Congress is best given the needed “time-sensitive removal of the RAA sunset clause.” The President’s call for a special session of Congress came after Speaker Figir on April 3, 2010 had called for a special session of Congress to begin on April 29,2013.

 

In preparing for the special session, the Chairman of Ways and Means Committee, Congressman Dohsis Halbert requested the State leaders in the FSM, including Governor Anefal and Speaker Falan of Yap State, in a letter dated April 9, 2013, to comment on the President’s request. In his letter, Chairman Halbert shared that the current sunset clause in the RAA reads that “unless all the four states adopt their own tax reform laws (including the [Value Added Tax]) by April 19, 2013, the law will by its own terms cease to operate.” He further added, that the “President wishes to repeal that clause so that the tax reform can proceed without the needed adoption from all four states.”

 

The need for repealing the sunset clause in the RAA remains to be a topic of deliberation for the FSM Congressmen in [this] week’s special session.

Resource: Yap State News Brief/April 15, 2013

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