3.0.0 1493 2023-01-15T06:17:48Z 2023-01-15T06:17:48Z Senate S S 2003-07-30 108 ssfi00 Finance Committee Senate Standing Referred to 2003-07-30T19:09:56Z Fair Tax Act of 2003 108 25 HR 2004-05-05 Sponsor introductory remarks on measure. (CR H2556) Identical bill CRS 2003-07-30 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2003-07-30 Sponsor introductory remarks on measure. (CR S10269) IntroReferral B00100 9 Library of Congress 2003-07-30 Introduced in Senate IntroReferral 10000 9 Library of Congress C000286 Sen. Chambliss, Saxby [R-GA] SAXBY CHAMBLISS R GA N M001141 Sen. Miller, Zell [D-GA] ZELL MILLER D GA 2003-07-31 False Taxation Government Operations and Politics Income tax Sales tax State taxation Taxation 00 2003-07-30 Introduced in Senate 2004-02-24T22:50:23Z Imposes a tax on the use or consumption in the United States of taxable property or services. Sets the tax rate at 23 percent for the calendar year 2005. Sets the rate, for years after 2005, at the combined sum of the general revenue rate (14.91 percent), the old-age survivors and disability rate, and the hospital insurance rate.

Sets forth provisions concerning, among other things; (1) imports and exports; (2) definitions; (3) credits and refunds; (4) a "family consumption allowance"; (5) Federal and State cooperative tax administration; (6) administrative matters; (7) collections, appeals, and taxpayer rights; (8) special rules (hobbies, gaming, government purchases, non-profits, and etc.); (9) financial intermediation services; and (10) additional matters.

Sets forth provisions concerning the: (1) phase-out of administration of repealed taxes; (2) administration of other taxes (establishes an Excise Tax Bureau and a Sales Tax Bureau); and (3) sales tax inclusive social security benefits indexation.]]>

Fair Tax Act of 2003 Display Title Fair Tax Act of 2003 Official Title as Introduced 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. Introduced in Senate IS Short Titles as Introduced Fair Tax Act of 2003 Introduced in Senate 2003-07-30T04:00:00Z 2003-07-30 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.