Act of Parliament Financial Revisions Act

[Library of Parliament]

Original Legislation:
Passed Bill Link: https://www.cityrp.org/threads/financial-revisions-act.234/
Final Vote: 5-1-1
Ratified: May 20, 2025
Note: This is a duplicative law. It both amends the Financial Institution Establishment Act, but also exists on its own because of the added clause.

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Author: Lysander Lyon, MP
Sponsor: Lysander Lyon, MP

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Financial Revisions Act
Preamble: With the pending repeal of the Miscellaneous Changes & Foreign Affairs Omnibus Act, this bill reestablishes the business limits while also changing the tax on bank revenues.

1. Short Title
(a) This bill shall be referred to as the "Financial Revisions Act".
(b) This bill was authored by Lysander Lyon.

2. Business Limits
(a) A player may own no more than ten businesses in the game.

3. Commercial Bank Taxes
(a) The Financial Institution Establishment Act, section 2(a)i, shall be amended to the following: 25% of monthly profits must be paid to the Ministry of Economic Affairs.

Enactment: This Act comes into force immediately upon passage.