Property tax revenue will be used for protection of housing construction
Sina Financial News January 27 The State Council agreed in principle to part of the evening news property tax pilot cities. Ministry of Finance and other ministries in the three Quan stressed that the pilot property tax revenue collected is a local fiscal revenue will be used for construction of affordable housing.
just released the "Ministry of Finance State Administration of Taxation Ministry of Housing and Urban people responsible for the property tax reform the press conference," said the property tax as local taxes, the income of the pilot collection of local financial revenue . In order to fully reflect the policy objective of regulating the distribution of income, reform revenue collected will be used for affordable housing, especially low-rent housing and public rental housing construction, in order to solve the housing difficulties of low-income families and other livelihood issues.
Why property tax in talking about the pilot, the notice said, will help to rationally regulate the distribution of income, and promote social equity. The second is conducive to a rational housing consumption, promote conservation and intensive land use.
For historical reasons and realities of the current general tax on personal housing conditions are not ripe. Tax on individual housing needs in the system design and management mechanism to fully research and demonstration areas and in practice and gradually explore. To continue to accumulate experience, actively and steadily promote reform of property tax, it is necessary in some cities on the individual housing property tax reform.
"Interim Regulations on property tax" is based on the authorization decision to the NPC Standing Committee, established by the State Council. Property tax system also need to further reform and improve the situation changes.
State Council executive meeting agreed that in some cities on the individual housing property tax reform, the specific method of collection from the pilot provinces (autonomous regions and municipalities) to develop the people's government from reality.
This part of the city for property tax reform provides the basis for this reform is conducive to steady progress, and gradually pushed the reform in the country, to further improve the property tax system to accumulate experience. (D core from Beijing)
