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Barau: Five stages Tax Reform Bills must pass through before passage

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<p><&excl;-- BEGIN THEIA POST SLIDER --><&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad4" id&equals;"quads-ad4" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<p>&nbsp&semi;<&sol;p><div class&equals;"L02usGPw" style&equals;"clear&colon;both&semi;float&colon;left&semi;width&colon;100&percnt;&semi;margin&colon;0 0 20px 0&semi;"><script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js"><&sol;script> &NewLine;<&excl;-- TV --> &NewLine;<ins class&equals;"adsbygoogle" &NewLine; style&equals;"display&colon;block" &NewLine; data-ad-client&equals;"ca-pub-4403533287178375" &NewLine; data-ad-slot&equals;"4399361195" &NewLine; data-ad-format&equals;"auto" &NewLine; data-full-width-responsive&equals;"true"><&sol;ins> &NewLine;<script> &NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi; &NewLine;<&sol;script><&sol;div>&NewLine;<p>By Ismail Mudashir<&sol;p><div class&equals;"QnpcMWjV" style&equals;"clear&colon;both&semi;float&colon;left&semi;width&colon;100&percnt;&semi;margin&colon;0 0 20px 0&semi;"><script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js"><&sol;script> &NewLine;<&excl;-- TV --> &NewLine;<ins class&equals;"adsbygoogle" &NewLine; style&equals;"display&colon;block" &NewLine; data-ad-client&equals;"ca-pub-4403533287178375" &NewLine; data-ad-slot&equals;"4399361195" &NewLine; data-ad-format&equals;"auto" &NewLine; data-full-width-responsive&equals;"true"><&sol;ins> &NewLine;<script> &NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi; &NewLine;<&sol;script><&sol;div>&NewLine;<p>For bills&comma; including the contentious Tax Reform Bills&comma; to be passed at the National Assembly&comma; they must pass through the following stages&colon;<&sol;p>&NewLine;<p>A bill is a draft of a proposed law presented before the Senate and House of Representatives for deliberation&period; Such a bill can be given by the executive or members of the National Assembly &lpar;Senators or House of Representatives&rpar;&period;<&sol;p>&NewLine;<p>The four Tax Reform Bills are executive bills from the executive arm of government&period;<&sol;p><div class&equals;"pHVEPLEZ" style&equals;"clear&colon;both&semi;float&colon;left&semi;width&colon;100&percnt;&semi;margin&colon;0 0 20px 0&semi;"><script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js"><&sol;script> &NewLine;<ins class&equals;"adsbygoogle" &NewLine; style&equals;"display&colon;block&semi; text-align&colon;center&semi;" &NewLine; data-ad-layout&equals;"in-article" &NewLine; data-ad-format&equals;"fluid" &NewLine; data-ad-client&equals;"ca-pub-4403533287178375" &NewLine; data-ad-slot&equals;"6550225277"><&sol;ins> &NewLine;<script> &NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi; &NewLine;<&sol;script><&sol;div>&NewLine;<p>1&colon; First Reading&colon;<&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad3" id&equals;"quads-ad3" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<p>The Tax Reform Bills&comma; like all other executive bills&comma; scaled through the first reading when the letter by President Bola Ahmed Tinubu&comma; GCFR&comma; to that effect&comma; was read on the floor of both chambers of the National Assembly &lpar; Senate and House of Representatives&rpar;&period;<&sol;p>&NewLine;<p>At the first reading&comma; the bills are introduced to senators and members of the House of Representatives&period;<&sol;p>&NewLine;<p>2&colon; Second Reading&colon;<&sol;p>&NewLine;<p>In the second reading&comma; the general principles of the bills are discussed at the chambers&period; The bill&&num;8217&semi;s sponsors will present their lead debate&semi; other lawmakers will be allowed to speak on it afterwards&period;<&sol;p>&NewLine;<p>Since the tax reform bills are from the executive branch&comma; the Senate Leader&comma; Michael Opayemi Bamidele&comma; presented the lead debate last Thursday during the plenary presided over by the president of the Senate&comma; Senator Godswill Obot Akpabio&comma; GCON&period;<&sol;p>&NewLine;<p>When a bill scales through a second reading&comma; it is referred to relevant committees for further legislative actions&period;<&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad1" id&equals;"quads-ad1" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<p>The Tax Reform Bills were on Thursday referred to the Senate Committee on Finance chaired by Senator Sani Musa &lpar;APC&comma; Niger State&rpar;&period; It has six weeks to scrutinise the bills with stakeholders&period;<&sol;p>&NewLine;<p>3&colon; Committee Level<&sol;p>&NewLine;<p>At this level&comma; the bill would be subjected to thorough legislative scrutiny&comma; and stakeholders would be given opportunities to contribute to shaping the draft laws&period;<&sol;p>&NewLine;<p>The committee will organise a public hearing where all stakeholders&comma; ulamas&comma; pastors&comma; socio-cultural&comma; political&comma; religious groups&comma; experts&comma; technocrats and other stakeholders would make input to the bills&period;<&sol;p>&NewLine;<p>Before the public hearing&comma; advertisements would be placed in newspapers while commercials would be aired on radio and television stations&comma; requesting the submission of memoranda by stakeholders&period;<&sol;p>&NewLine;<p>The committee Secretariat would aggregate the input of the stakeholders during the public hearing in addition to the memoranda submitted&period; This will form the committee&&num;8217&semi;s report&period;<&sol;p>&NewLine;<p>The input of the stakeholders is always the fulcrum of the committee&&num;8217&semi;s report&period;<br &sol;>&NewLine;This is the level at which the Tax Reform Bills are now&period;<&sol;p>&NewLine;<p>4&colon; Third Reading&period;<&sol;p>&NewLine;<p>At this point&comma; the committee&&num;8217&semi;s report would be presented and considered during the plenary in the chamber&period;<&sol;p>&NewLine;<p>The chairman of the committee would present or lay the report&period; The chairman would read it&period;<&sol;p>&NewLine;<p>After the reading&comma; the clause-by-clause analysis of the bills will be done by a committee of the whole&period; All senators would vote on each clause of the bills&period;<&sol;p>&NewLine;<p>If most senators vote in support of the bills&comma; it would be passed for a third reading&period; If it is the other way around&comma; it would be rejected&period;<&sol;p>&NewLine;<p>The Tax Reform bills can be killed if the lawmakers vote against them&period;<&sol;p>&NewLine;<p>But if the bill is passed&comma; it would be sent to the Senate or House for concurrence&comma; depending on its origin&period;<&sol;p>&NewLine;<p>5 a&colon; Signing of the Bill<&sol;p>&NewLine;<p>After the bill is passed&comma; the clerk will print and sign a final copy&period; The bill is issued after the appropriate presiding officer appends his signature&period;<&sol;p>&NewLine;<p>5 b&colon; President’s Assent&sol;Signature<&sol;p>&NewLine;<p>The final copy&comma; as approved by both chambers&comma; is presented to the president for his signature&period; The president&&num;8217&semi;s signature is required to convert a bill into law&comma; and section 58&lpar;4&rpar; of the Constitution requires the president to append his signature to the bill within 30 days of receipt&period;<&sol;p>&NewLine;<p>The Deputy President of the Senate&comma; Senator Barau I Jibrin&comma; only presided over the plenary on Wednesday&comma; during which the tax experts were allowed to educate the senators and indeed all Nigerians on tax reform bills&period;<&sol;p>&NewLine;<p>During the sitting&comma; Senator Barau neither supported nor kicked against the bill&semi; instead&comma; he emphasised an urgent need for all to be educated on the proposed laws&period; Nothing more&period;<&sol;p>&NewLine;<p><&excl;-- END THEIA POST SLIDER -->&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad5" id&equals;"quads-ad5" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;<&sol;p>&NewLine;<script async src&equals;"https&colon;&sol;&sol;pagead2&period;googlesyndication&period;com&sol;pagead&sol;js&sol;adsbygoogle&period;js"><&sol;script> &NewLine;<ins class&equals;"adsbygoogle" &NewLine; style&equals;"display&colon;block" &NewLine; data-ad-format&equals;"autorelaxed" &NewLine; data-ad-client&equals;"ca-pub-4403533287178375" &NewLine; data-ad-slot&equals;"1004305389"><&sol;ins> &NewLine;<script> &NewLine; &lpar;adsbygoogle &equals; window&period;adsbygoogle &vert;&vert; &lbrack;&rsqb;&rpar;&period;push&lpar;&lbrace;&rcub;&rpar;&semi; &NewLine;<&sol;script>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad4" id&equals;"quads-ad4" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;

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