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Press Conference with President Remengesau Jr. and members of the 9th OEK to discuss and witness the signing of RPPL No. 9-57

An Act
*To amend Chapter 13 of Title 40 of the Palau National Code to allocate 10% of the annual revenues from the import tax on alcoholic beverages to pay healthcare coverage subscription costs for citizens who are not working and are at least 60 years of age or disabled;
*To amend Chapter 26 of Title 40 of the Palau National Code to allocate 10% of the annual tobacco excise tax revenues to fund healthcare coverage subscription costs for citizens who are not working and are at least 60 years of age or disabled;
*To allocate 10% of taxes on alcohol and tobacco to non-communicable disease prevention;
*To reapportion revenue from foreign fishing agreements;
* And for other related purposes.

February 17, 2016

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