The Financial and Budgetary Policy Committee of the Legislative Assembly at its regular meeting considered issues related to the draft regional budget for 2016, as well as draft regional laws regulating taxation
Budget on the agenda
The Financial and Budgetary Policy Committee of the Legislative Assembly at its regular meeting considered issues related to the draft regional budget for 2016, as well as draft regional laws regulating taxation
The first issue the committee considered was the draft law of the Omsk region No. 769-5 “On the regional budget for 2016” for compliance with the requirements of Article 12 of the Law of the Omsk region “On the budget process in the Omsk region” and noted that the composition of documents and materials , submitted to the Legislative Assembly of the Omsk Region by the Government of the Omsk Region in the package with the draft regional budget for 2016, corresponds to the established list. In addition, the committee decided to recommend to the chairman of the regional parliament to send the bill to the committees of the Legislative Assembly of the Omsk region, other subjects of the right of legislative initiative, to the Chamber of Control and Accounts of the Omsk region for the preparation of opinions on the said bill. It was also decided to propose to the Chairman of the Legislative Assembly of the Omsk Region to schedule public hearings on the draft regional budget for 2016 on November 26, 2015 at 15:00 in the conference hall of the Government of the Omsk Region. During the meeting, committee deputies reviewed and approved the regulations for public hearings on the draft main financial document of the Omsk region for 2016. Among other issues considered at the committee are draft laws “On amendments to Article 2 of the Law of the Omsk Region “On Investment Tax Credit” and “On Amendments to the Law of the Omsk Region “On certain issues of establishing a tax rate of 0 interest for individual entrepreneurs using a simplified taxation system and (or) a patent taxation system." It was decided to recommend both bills to the regional parliament for consideration. The first of these draft laws was developed in order to improve the quality and accessibility of the results of the provision of public services for the provision of investment tax credits for corporate income tax in terms of the amount subject to credit to the regional budget and for regional taxes. The second is due to changes in federal legislation. In particular, Law No. 232-FZ granted the constituent entities of the Russian Federation the right to establish “tax holidays” in the form of a tax rate of 0 percent for individual entrepreneurs using a simplified taxation system and (or) a patent taxation system and carrying out business activities in the field of consumer services (in Currently, the specified tax rate can be established for production, social and (or) scientific fields of activity).