Fourth Amendment to Budget 2008 P.164/2007.

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A decision made (30/11/2007) regarding: Fourth Amendment to Budget 2008 P.164/2007.

Decision Reference: MD-TR-2007-0130
Decision Summary Title:	Fourth Amendment to Budget 2008 P164/2007		Date of Decision Summary:	29th November 2007
Decision Summary Author:	Chris Haws - Head of Financial Planning		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title:	Fourth Amendment to Budget 2008 P164/2007		Date of Written Report:	29th November 2007
Written Report Author:	Chris Haws - Head of Financial Planning		Written Report : Public or Exempt?	Public
Subject: Minister of Treasury and Resources’ Amendment to the Budget 2008 (P164/2007) to propose the increase in Income Tax Exemption Thresholds at the rate of 6.5% for Year of Assessment 2008.
Decision(s): The Minister approved an Amendment to the Budget 2008 (P164/2007) and asked that it be circulated to all States Members via the States Greffe immediately.
Reason(s) for Decision: For the Minister of Treasury and Resource to be able to ask the States to accept the lodging of the Amendment to the Budget 2008 (P164/2007) in accordance with the provisions of Article 20(3) of the Public Finances (Jersey) Law 2005 such that the increase in Income Tax Exemption Thresholds at the rate of 6.5% for Year of Assessment 2008 may be debated as part of the Budget 2008.
Resource Implications: The effect of the Amendment, if approved by the States, would be to reduce States revenues by £3.1 million per annum from 2009.
Action required: Head of Financial Planning to send Amendment to P164/2007 to the Publications Editor at the Greffe to be circulated to States Members immediately.
Signature:		Position: Senator Terry Le Sueur, Treasury and Resources Minister
Date Signed: 30th November 2007		Date of Decision: 30th November 2007