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Reps approve N74.7bn for Police Trust Fund


The report reads: “That the House do consider the Report of the Committee on Police Affairs on the issue from the Statutory Budget of the Nigeria Police Trust Fund, the total sum of (N74,773,601,916.30) only.”
According to the approved budget, the sum of N988,279,006.05 is for Personnel Cost; N10,027,610,310.25 is for Overhead Expenditure while N63,757,712,600 is for Capital Expenditure.
The report indicated that the approved funds would be sourced from a Revenue Roll-over (2020) worth N23,631,857,141.30; 0.5% of the total revenue accrued worth N441,867,680,099 to the Federation Accounts.
Other sources include; 0.05%of total VAT worth N8,824,064,676; 0.05%of Net Profits of Companies in Nigeria worth N300,000,000 and Aids, Grants, Donations amounting to N150,000,000. ....

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SitNews: Alaska State Income Tax Proposed as Part of a Solution to Alaska's Budget Deficit


Alaska State Income Tax Proposed as Part of a Solution to Alaska’s Budget Deficit
Posted and Edited By MARY KAUFFMAN
March 07, 2021
Sunday PM
(SitNews) Juneau, Alaska - Friday, Senator Tom Begich (D-Anchorage) introduced legislation to establish a flat five percent income tax based on your federal tax rate. Senate Bill 100 would generate new state revenue from residents and non-residents earning an income in Alaska. Currently, nine other states have a flat broad-based income tax ranging from three to 5.25 percent.
“The road Alaska is on has finally arrived at the edge of the fiscal cliff. Alaskans realize we need a balanced fiscal plan - a plan that relies on a balance of revenue sources and other solutions, not just on one or two major sources like oil and the Permanent Fund,” said Sen. Begich. ....

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