On their 33rd day sitting, the Liberian Senate yesterday unanimously voted to pass the “Local Government Tax and Revenue Act of 2021, amending the Liberia Revenue Code of 2011 as well as the “Revenue Sharing Law of Liberia, 2021." The Local Government Tax and Revenue Act of 2021, which requires an amendment to the Liberia Revenue Code of 2011, will enable the central government to support its goal of sustainable decentralization and promote an independent revenue collection and retention process for local governments. According to the report, this Revenue sharing will be based on formulas to be recommended by the Local Government Fiscal Board and enacted into law by the Legislature. Meanwhile, the Senate has also voted to amend the Small Arms Commission Act and establish the Liberia National Commission on Arms, but removing Tenure Status and Semi-Financial Autonomy as contained in the proposed Act submitted by President George Manneh Weah. The decision by the Senate to amend the Act, followed a report from the Joint Committee on Defense, Security, Intelligence & Veteran Affairs as well as Judiciary, Human Rights, Claims & Petitions, recommending an amendment of the Act creating the Small Arms Commission to provide for the Liberia National Commission on Arms.

Source: Daily Observer June 29, 2022 13:45 UTC