-Charitable Exemption Act 582AER-

==Preamble:==
It is a disgusting reality that in this nation those who deliver for the needy, out of sheer goodwill, are punished with taxation. Organisations that set out to do good, to help those who otherwise might not survive are taxed for their good deeds. This bill seeks to amend that. 
==DEFINITION==
An Act which outlays the provisions for the exemption of tax from charitable institutions
==Charitable Exemption Act 582AER==
Be it enacted by the Emperor's most Excellent Majesty, Vinther III, by and with the advice and consent of the Chamber of Deputies and the Imperial Senate, in this present Parliament assembled, and by the authority of the same, as follows:--
===Section I: What a Charity is.===
I: A charity is ‘a body of persons or trust’ that is restricted by its governing document to using all its income and assets for its stated charitable purposes.
*A: The term ‘chariable’ refers to the assistance of those in need.
===Section II: Registering a Charity===
I: The Fallen Home Office will establish The Charity Commission for Falleentium
*A: This body will be responsible for the administrative organisation of applications for charity status
*B: Any organisation seeking charity status must apply to this body providing the appropriate fiscal and administrative documents to prove charity status.
II: The Falleen Home Office is required to produce a list of organisations with charity status every six months.
===Section III: Charity tax exemptions.===
I: If an organisation is accepted as a charitable organisation it will be provided with a charity tax reference for all future correspondence and claims.
II: This tax reference will exempt the charitable organisation from taxation on:
:: 1: the profits of a property business.
:: 2: Any payment from one charity to another if the payment is used for charitable purposes
:: 3: The Profits from trade carried out in the Empire of Falleentium provided its income is applied solely to charitable purposes.
*A: The exemptions don’t apply to profits from buying and selling land or profits arising from the development of land.
Category:The Institute of Laws and Regulations