3.0.0 112 2023-01-15T21:34:12Z 2023-01-15T21:34:12Z Senate S S 2003-01-09 108 ssfi00 Finance Committee Senate Standing Referred to 2003-01-09T16:36:08Z 2003-01-09 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2003-01-09 Introduced in Senate IntroReferral 10000 9 Library of Congress H000725 Sen. Hollings, Ernest F. [D-SC] ERNEST HOLLINGS D SC FREDERICK N Taxation Armed Forces and National Security Cost of war Economics and Public Finance Government trust funds Value-added tax Taxation 00 2003-01-09 Introduced in Senate 2006-11-28T17:35:40Z Sets forth further provisions: (1) concerning taxable transactions; (2) taxable amount, rate of tax and exemption from tax for certain transactions and certain entities, and credits; (3) administration; and (4) definitions and special rules.

Establishes in the U.S. Treasury the War Financing Trust Fund into which amounts received from the taxes imposed by this Act will be deposited. Requires the Trust Fund to be used to: (1) pay the administrative costs of collecting such taxes or in operating the War Financing Trust Fund; and (2) meet those obligations of the United States incurred with respect to any case in which U.S. Armed Forces are introduced into hostilities or into situations where imminent involvement in hostilities is clearly indicated by the circumstances.]]>

War Financing Act of 2003 Display Title War Financing Act of 2003 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to impose a value added tax and to use the receipts from the tax to fund America's war effort. Introduced in Senate IS Short Titles as Introduced War Financing Act of 2003 Introduced in Senate 2003-01-09T05:00:00Z 2003-01-09 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.