Scope

This is an optional tax for individuals to pay the proposed tax 5% tax every year. These monies are set aside for hardship and disaster reimbursement. These funds can be withdrawn to use as finances during that time to relocate, re-build in material of  property loss during disaster. 

The federal government has a long and outstanding contribution with regard to disaster and crisis implementation. Those who suffer loss or hardship may apply for aid of sorts in order to recover and build new again. Money necessary for aid may not arrive to many of those who require of it. If set forth the option of disaster tax will allow those to pay a 5% city or local tax. That amount in turn is invested in bonds by the local and state government. When disaster occurs the money will then be given to those who have paid the optional tax thus enabling persons to receive monetary recovery in addition to any federal stipend provided that is necessary for survival.

City Disaster Tax covers property of persons in the event of damages and loss due to: earthquake, bombing, terrorism, floods, sewage or natural rain, fire disaster and explosion.

Purpose

The optional City Disaster Tax will aid your city by obtaining a financial investment provided by those who reside in it. As it may become necessary in the event of a disaster. This will enable those to receive direct assistance for recovery when needed once you participate in paying the optional tax. If one moves to another state you do not lose the monies and investment set aside for disaster tax payment. Your direct contribution is transferrable and will therefore protect you wherever you intend to reside in the USA. Such investment will begin to offer automatic payouts once total accumulation reaches $25,000 per person or couple. You may use that money any way you wish or continue to save it for disaster occurence. You may still continue participation with the optional City Disaster Tax despite any payout given.

A tax of this sort will enhance any homeowners insurance policy and would be of greater assistance if certain policies are limited with regards to type of disaster incident. Therefore, leaving one partially covered resulting from policy stipulations or disaster clauses whereby insurance companies consider too costly and risky for coverage. The City Disaster Tax will enforce protection for those who want the option in unforseen dilemma and disaster.

 Dated: February 14, 2010                                    Attest: A. Sadiq              
                                                                                   On Behalf of Pieces