Brayer-Braugh Act
Short Title Brayer-Braugh Act
Long Title A Law to eliminate the corporate tax and implement a corporate savings tax while reforming general banking regulations.
Enacted March 31, 2015
Effective August 1, 2015
Law Number 2015-I-10
UTC Parts(s) Amended 14 UTC, 17 UTC
Legislative History
  • Framer(s): John Brayer, Allison Bruagh
  • Cosponsor(s): Charles Sessions, Clark McDearny, Lanclot Rice; Aaron Ehyta, Emanuel Curesse

The Brayer-Brugh Act was a major piece of legislation passed in 2015-I that completely overhauled the tax structure in the Triumvirate and repealed the corporate income tax to supplement it with a corporate savings tax. This was done so as to create incentives for businesses to spend and grow rather than hold onto money.

The bill, though popularly accepted, was met by criticism by some legal scholars such as Major Executive Stenbach and Head of the Archive Crown (a former justice on the Supreme Court) as they were concerned about the constitutionality of some elements, particularly the clause that taxes business holdings rather than income.

Ad blocker interference detected!

Wikia is a free-to-use site that makes money from advertising. We have a modified experience for viewers using ad blockers

Wikia is not accessible if you’ve made further modifications. Remove the custom ad blocker rule(s) and the page will load as expected.