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House Approves Establishment of FCTA Revenue Board(AllAfrica Via Acquire Media NewsEdge) The establishment of the Federal Capital Territory Board of Internal Revenue has been approved by the House of Representatives. Empowered to collect all taxes due to the territory for purposes of development and administration, the 85 clauses of the Bill as contained in a report submitted to the House were all unanimously approved. Presenting a report on the piece of legislation for final consideration and enactment as law, Hon. Emmanuel Jime (APC-Benue), who is the Chairman of the House Committee on Federal Capital Territory Administration, said the board will guarantee a more robust economy for the FCT. "This revenue board will ensure a steady stream of revenue for the Federal Capital Territory Administration and help it generate more fund for the purpose of development," Jime said. The Bill as passed by the House, awaits concurrence from the Senate before the consent and establishment of the board by the President. Copyright This Day. Distributed by AllAfrica Global Media (allAfrica.com). |