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The State Duma's Main Committee supported the bill on TOP
During the meeting of the State Duma Committee on Economic Policy, Innovative Development and Entrepreneurship, the draft law “On the territories of advanced social and economic development in the Russian Federation” submitted by the Government was considered. The deputies believe that the adoption of the bill will serve as a comprehensive solution and comprehensive support for the tasks of the advanced development of the Far East, the press service of the Ministry for the Development of the Russian Far East said.
The State Duma Committee on Economic Policy, Innovation Development and Entrepreneurship recommended the lower house of parliament to adopt in the first reading the draft law "On the Territories of Advanced Social and Economic Development in the Russian Federation" (TOR) and related changes in legislation.
The draft Federal Law "On the Territories of Advanced Social and Economic Development in the Russian Federation" defines the legal regime of the territories of advanced development and measures of their state support.
During the first three years, this bill will be applied in the territories of the constituent entities of the Russian Federation that are part of the Far Eastern Federal District, and after three years - in the territories of the remaining constituent entities of the Russian Federation.
To create territories for outstripping development in the Far East, it is planned to allocate 42 billion rubles from the federal budget. In the financial and economic substantiation, it was specially noted that this will not lead to a reduction in the taxable base of the constituent entities of the Far Eastern Federal District and a decrease in their own revenues, since its norms will only apply to new enterprises.
At the same time, the implementation of investment projects in these areas, the creation of a developed engineering, social and service infrastructure, according to the Government, will allow to raise to 2025 a year more than 500 billion rubles in various levels of the budget system.
7 November, the Committee for Regional Policy and Problems of the North and the Far East reviewed the draft law on TOP. The Committee decided that the adoption of the bill would serve as a comprehensive solution and comprehensive support for the tasks of advanced development of the Far East, which is strategically important for the Russian Federation and recommends that the State Duma adopt this draft law in the first reading.