Gunma Proposes ¥7.3 Billion Extra Budget and 5-Year Extension of Corporate Resident Tax.

Breaking News "Gunma Prefecture."
By AI from "Isesaki FM."

On the 11th, Governor Yamamoto Ichita announced that he would submit 22 bills, including a September supplementary budget for the general account that would increase the budget by 7.317 billion yen, to the regular session that opens on the 18th. The bills include funds for quickly addressing urgent issues such as rising prices and extreme heat. In addition, he also submitted a bill to amend the ordinance to extend the excess tax period for prefectural corporate inhabitant taxes, which expires at the end of April next year, by five years. This is expected to increase revenue by approximately 8.8 billion yen over five years, which the governor plans to use for disaster prevention and mitigation, medical and welfare purposes.