U.S. Congress - S.296 Fair Tax Act of 2009
S.296 - Fair Tax Act of 2009
A bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States. view all titles (2)
All Bill Titles
- Official: A bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States. as introduced.
- Short: Fair Tax Act of 2009 as introduced.
This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.
Bill's Views
- Today: 39
- Past Seven Days: 219
- All-Time: 32,253
|
|
|
|
|
|
|
|
Committees
OpenCongress Summary
The Fair Tax Act would replace all federal income taxes with a flat national sales tax. First introduced in 1999, the legislation would tax all new commercial goods and services at a rate of 29.8 percent.Official Summary
1/22/2009--Introduced.Fair Tax Act of 2009 - Repeals the income tax, employment tax, and estate and gift tax. Redesignates the Internal Revenue Code of 1986 as the Internal Revenue Code of 2009.Imposes a national sales tax on the use or consumption in the United States of taxable propertyOfficial Summary
1/22/2009--Introduced.Fair Tax Act of 2009 - Repeals the income tax, employment tax, and estate and gift tax. Redesignates the Internal Revenue Code of 1986 as the Internal Revenue Code of 2009.Imposes a national sales tax on the use or consumption in the United States of taxable property or services. Sets the sales tax rate at 23% in 2011, with adjustments to the rate in subsequent years. Allows exemptions from the tax for property or services purchased for business, export, or investment purposes, and for state government functions. Sets forth rules relating to:(1) the collection and remittance of the sales tax; and
(2) credits and refunds. Allows a monthly sales tax rebate for families meeting certain size and income requirements.Grants states the primary authority for the collection of sales tax revenues and the remittance of such revenues to the Treasury. Sets forth administrative provisions relating to:
(1) the filing of monthly reports and payments of tax;
(2) accounting methods;
(3) registration of sellers of goods and services responsible for reporting sales;
(4) penalties for noncompliance; and
(5) collections, appeals, and taxpayer rights. Directs the Secretary of the Treasury to allocate sales tax revenues among:
(1) the general revenue;
(2) the old-age and survivors insurance trust fund;
(3) the disability insurance trust fund;
(4) the hospital insurance trust fund; and
(5) the federal supplementary medical insurance trust fund. Prohibits the funding of the Internal Revenue Service (IRS) after FY2013. Establishes in the Department of the Treasury:
(1) an Excise Tax Bureau to administer excise taxes not administered by the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF); and
(2) a Sales Tax Bureau to administer the national sales tax. Terminates the sales tax imposed by this Act if the Sixteenth Amendment to the U.S. Constitution (authorizing an income tax) is not repealed within seven years after the enactment of this Act.
...Read the Rest
Recent News Coverage
Hmmmm, no news coverage found for this bill at this time. This means that this this bill has not yet been mentioned on a publicly-searchable news website by either its official number (for example, "H.R. 3200") or title (for example, "America's Affordable Health Choices Act of 2009"). As soon as that changes, our daily automated search across the Web will catch it and include it here. If this bill is of interest to you, you can write a letter to the editor referring to this bill by name, and if your letter is published on the Web, a link back your letter will appear here within about one day. Or, if you know of a news article about this bill to display here, email us the web address of this page and the web address of your suggested news article: Our editorial team will post relevant links as quickly as possible. Thanks for helping to build public knowledge about Congress.
Recent Blog Coverage
View All (215)
|
View Top Rated
S.296: A bill to amend the Federal Food, Drug, and Cosmetic Act to ...
OpenCongress - U.S. Congress - S.296 A bill to amend the Federal Food, Drug, and Cosmetic Act to provide the Food and Drug A... Working... or Login with your OpenID. Click to ShowClick to Hide ... A bill in the U.S. Congress: A bill to amend the Federal Fo
H.R.25: Fair Tax Act - U.S. Congress - OpenCongress
OpenCongress Summary. This bill would eliminate all federal income taxes, payroll taxes and the estate tax, and replace them with a federal sales tax of 23% on the use or consumption of all goods, properties and services. ... RE: H.R.25. HR 25 and S. 296 a
Lesen ist nicht nur ein Hobby!: [Lesestatistik] Dezember 2010
-Flegel: Wintertraum und Weihnachtskuss S. 296 / ♥♥♥♥. Angefangen: 2. -Smith: Tochter der Träume S. 27 von 464. -Valentino: Werwölfe - Wie sie leben, wer sie sind S. 104 von 144. Gekauft: 1. -Gier: Smaragdgrün - Liebe geht durch ...
Users tracking S.296 (79) are also tracking:
| Bills | People | Issues |
|---|---|---|
Users supporting S.296 (212) are also:
| Supporting Bill | Supporting Senator | Supporting Representative |
|---|---|---|
| Opposing Bill | Opposing Senator | Opposing Representative |
|---|---|---|
Users opposing S.296 (14) are also:
| Supporting Bill | Supporting Senator | Supporting Representative |
|---|---|---|
| Opposing Bill | Opposing Senator | Opposing Representative |
|---|---|---|
Vote on This Bill
-
Share This Bill
More Share via Email
