VETO Decree 1322/98 Note in its entirety the bill registered under No. 25.037. Bs. As., 9/11/98 B.O.:13/11/98

VISTO Issue No. 020-001704/98 of the Register of the MINISTERY OF ECONOMY AND ARTWS AND PUBLIC SERVICES and the draft Law registered under No. 25.037 by the HONORABLE CONGRESS OF NATION on 21 October 1998 and

CONSIDERING:

The above-mentioned bill interprets that the exemption set out in article 9 of Decree-Law No. 1251/58 as amended by Decree-Law No. 6066/58 and ratified by Act No. 14.467 on the exemption of any national and municipal tax under the jurisdiction of CIUDAD AUTONOMA DE BUENOS AIRES also includes the actors, authors, directors, promoters and specialized technicians.

That the bill performs an interpretation of the legal text by producing retroactive modifications, closing the powers of the National State to raise the corresponding taxes for non-prescriptive periods.

That for reasons of tax policy it is not considered appropriate to grant tax exemptions since, on the basis of the sanction of the Act No. 23.928 on Austral Convertibility, the National Government must cover its own erogations with genuine resources, which is why it cannot be deprived of funds originating in national laws, constitute regular income from the National Treasury and incise also in the Federal Coparticipation.

That also, the waiver established for the aforementioned personal benefits, produces a benefit for those who perform them in the jurisdiction of the AUTONOMA DE BUENOS AIRES CIUDAD, discriminating against those who do so outside it.

It is up to the grounds set forth to observe the Bill registered under No. 25.037.

That the General Directorate of Humanitarian Affairs of the MINISTERY OF ECONOMY AND ARTWS AND SERVICES PUBLICOS has taken the intervention that belongs to him.

That the NATIONAL EXECUTIVE POWER is entitled to dictate the present pursuant to article 83 of the NATIONAL CONSTITUTION.

Therefore,

THE PRESIDENT OF THE ARGENTINA NATION

RIGHT:

Article 1- Note in its entirety the draft Law registered under No. 25.037. Art. 2°- Return the draft law mentioned in the previous article to the HONORABLE CONGRESS OF NATION. Art. 3°- Contact, post, give to the National Directorate of the Official Register and archívase. -MENEM.- Jorge A. Rodríguez.- Roque B. Fernández.