Restaurants (Temporary Customs Duty Relief) Amendment Act
Passed
Simplified for You
What this bill does
This bill extends a tax break program that helps restaurants import goods without paying customs duties. The program was set to end on March 31, 2024, but this bill extends it for another 5 years until March 31, 2029.
If Passed (Voted Yes)
Restaurants can continue importing qualifying goods without paying customs duties until March 2029
Restaurant owners may have lower costs for importing equipment, supplies, or other qualifying items
The tax relief program that supports the restaurant industry continues for 5 more years
If Rejected (Voted No)
The customs duty relief program would have expired on March 31, 2024
Restaurants would need to pay full customs duties when importing qualifying goods
Restaurant operating costs could increase due to higher import expenses
Who It Affects
This bill primarily affects restaurant owners and operators in Bermuda who import goods for their businesses. It may also indirectly benefit restaurant customers if lower import costs help keep menu prices down.
Vote counts are not published.
The Bermuda Parliament does not publicly record individual vote counts or how each member voted.
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Related Bill
Restaurants (Temporary Customs Duty Relief) Amendment Act 2024
Download bill PDF