3.0.0 25 2024-07-24T15:24:14Z 2024-07-24T15:24:14Z House H HR 2023-01-09 118 [Congressional Record Volume 169, Number 7 (Monday, January 9, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CARTER of Georgia:H.R. 25.Congress has the power to enact this legislation pursuantto the following:Clause 1, Section 8 of Article 1: ``The Congress shall havePower To lay and collect Taxes, Duties, Imposts and Excises,to pay the Debts and provide for the common Defence andgeneral Welfare of the United States; but all Duties, Impostsand Excises shall be uniform throughout the United States.''[Page H108]]]> hswm00 Ways and Means Committee House Standing Referred to 2023-01-09T22:15:15Z 2023-01-09 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2023-01-09 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-01-09 Introduced in House IntroReferral 1000 9 Library of Congress C001103 Rep. Carter, Earl L. "Buddy" [R-GA-1] Earl Carter R GA L. "Buddy" 1 N C001116 Rep. Clyde, Andrew S. [R-GA-9] Andrew Clyde R GA S. 9 2023-01-09 True D000615 Rep. Duncan, Jeff [R-SC-3] Jeff Duncan R SC 3 2023-01-09 True C001039 Rep. Cammack, Kat [R-FL-3] Kat Cammack R FL 3 2023-01-09 True P000605 Rep. Perry, Scott [R-PA-10] Scott Perry R PA 10 2023-01-09 True G000595 Rep. Good, Bob [R-VA-5] Bob Good R VA 5 2023-01-09 True M001184 Rep. Massie, Thomas [R-KY-4] Thomas Massie R KY 4 2023-01-09 True N000190 Rep. Norman, Ralph [R-SC-5] Ralph Norman R SC 5 2023-01-09 True P000599 Rep. Posey, Bill [R-FL-8] Bill Posey R FL 8 2023-01-09 True P000609 Rep. Palmer, Gary J. [R-AL-6] Gary Palmer R AL J. 6 2023-01-09 True B001299 Rep. Banks, Jim [R-IN-3] Jim Banks R IN 3 2023-01-09 True L000583 Rep. Loudermilk, Barry [R-GA-11] Barry Loudermilk R GA 11 2023-01-09 True C001051 Rep. Carter, John R. [R-TX-31] John Carter R TX R. 31 2023-01-11 False B001257 Rep. Bilirakis, Gus M. [R-FL-12] Gus Bilirakis R FL M. 12 2023-01-11 False G000578 Rep. Gaetz, Matt [R-FL-1] Matt Gaetz R FL 1 2023-01-11 False G000596 Rep. Greene, Marjorie Taylor [R-GA-14] Marjorie Greene R GA Taylor 14 2023-01-11 False R000609 Rep. Rutherford, John H. [R-FL-5] John Rutherford R FL H. 5 2023-01-11 False D000626 Rep. Davidson, Warren [R-OH-8] Warren Davidson R OH 8 2023-01-11 False S001214 Rep. Steube, W. Gregory [R-FL-17] W. Steube R FL Gregory 17 2023-01-11 False 2023-05-31 D000032 Rep. Donalds, Byron [R-FL-19] Byron Donalds R FL 19 2023-01-11 False M001213 Rep. Moore, Blake D. [R-UT-1] Blake Moore R UT D. 1 2023-01-11 False 2023-01-24 C001129 Rep. Collins, Mike [R-GA-10] Mike Collins R GA 10 2023-01-13 False M001212 Rep. Moore, Barry [R-AL-2] Barry Moore R AL 2 2023-01-13 False B001316 Rep. Burlison, Eric [R-MO-7] Eric Burlison R MO 7 2023-01-13 False W000798 Rep. Walberg, Tim [R-MI-5] Tim Walberg R MI 5 2023-01-24 False F000450 Rep. Foxx, Virginia [R-NC-5] Virginia Foxx R NC 5 2023-01-27 False B001302 Rep. Biggs, Andy [R-AZ-5] Andy Biggs R AZ 5 2023-02-06 False S001220 Rep. Strong, Dale W. [R-AL-5] Dale Strong R AL W. 5 2023-03-27 False S001222 Rep. Santos, George [R-NY-3] George Santos R NY 3 2023-04-17 False Taxation Administrative law and regulatory procedures 2023-01-26T15:45:19Z Constitution and constitutional amendments 2023-01-26T15:45:19Z Department of the Treasury 2023-01-26T15:45:19Z Employment taxes 2023-01-26T15:45:19Z Executive agency funding and structure 2023-01-26T15:45:19Z Foreign and international corporations 2023-01-26T15:45:19Z Fraud offenses and financial crimes 2023-01-26T15:45:19Z Gambling 2023-01-26T15:45:19Z Games and hobbies 2023-01-26T15:45:19Z General taxation matters 2023-01-26T15:45:19Z Government information and archives 2023-01-26T15:45:19Z Government trust funds 2023-01-26T15:45:19Z Income tax credits 2023-01-26T15:45:19Z Income tax deductions 2023-01-26T15:45:20Z Income tax rates 2023-01-26T15:45:20Z Interest, dividends, interest rates 2023-01-26T15:45:20Z Intergovernmental relations 2023-01-26T15:45:20Z Internal Revenue Service (IRS) 2023-01-26T15:45:20Z Medicare 2023-01-26T15:45:19Z Poverty and welfare assistance 2023-01-26T15:45:19Z Sales and excise taxes 2023-01-26T15:45:19Z Small business 2023-01-26T15:45:19Z Social security and elderly assistance 2023-01-26T15:45:19Z State and local government operations 2023-01-26T15:45:19Z State and local taxation 2023-01-26T15:45:19Z Tax administration and collection, taxpayers 2023-01-26T15:45:19Z Tax reform and tax simplification 2023-01-26T15:45:19Z Taxation of foreign income 2023-01-26T15:45:19Z Transfer and inheritance taxes 2023-01-26T15:45:19Z Taxation 2023-01-13T15:15:25Z 00 2023-01-09 Introduced in House 2023-01-13T19:20:45Z FairTax Act of 2023

This bill imposes a national sales tax on the use or consumption in the United States of taxable property or services in lieu of the current income taxes, payroll taxes, and estate and gift taxes. The rate of the sales tax will be 23% in 2025, with adjustments to the rate in subsequent years. There are exemptions from the tax for used and intangible property; for property or services purchased for business, export, or investment purposes; and for state government functions.

Under the bill, family members who are lawful U.S. residents receive a monthly sales tax rebate (Family Consumption Allowance) based upon criteria related to family size and poverty guidelines.

The states have the responsibility for administering, collecting, and remitting the sales tax to the Treasury.

Tax revenues are to be allocated 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.

No funding is authorized for the operations of the Internal Revenue Service after FY2027.

Finally, the bill terminates the national sales tax if the Sixteenth Amendment to the Constitution (authorizing an income tax) is not repealed within seven years after the enactment of this bill.

]]> FairTax Act of 2023 Display Title 45 FairTax Act of 2023 2024-07-24T15:24:14Z Short Title(s) as Introduced 101 FairTax Act of 2023 2024-05-24T13:43:15Z Introduced in House IH Official Title as Introduced 6 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. 2024-03-18T20:09:43Z Introduced in House IH Introduced in House 2023-01-09T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr25ih/xml/BILLS-118hr25ih.xml 2023-01-09 Referred to the House Committee on Ways and Means. 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.