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United States · Bill · HR

H.R. 1040 (113th)

Flat Tax Act

referredUnited States· United States Congress· EN

Introduced

11 March 2013

Last action

11 March 2013 · Introduced

Status

Referred to the Committee on Ways and Means, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Sponsors

Rep. Burgess, Michael C. [R-TX-26], Rep. Cole, Tom [R-OK-4], Rep. Ross, Dennis A. [R-FL-15], Rep. Forbes, J. Randy [R-VA-4], Rep. Jones, Walter B., Jr. [R-NC-3], Rep. Miller, Jeff [R-FL-1], Rep. Harris, Andy [R-MD-1], Rep. Roe, David P. [R-TN-1], Rep. LaMalfa, Doug [R-CA-1], Rep. Rooney, Thomas J. [R-FL-17], Rep. Bishop, Rob [R-UT-1], Rep. Hall, Ralph M. [R-TX-4]

Subjects

Taxation

Source updated

12 August 2025

Taxation

Official sourceDownload fileView documentsShare

Summary

Flat Tax Act - Amends the Internal Revenue Code to authorize an individual or a person engaged in business activity to make an irrevocable election to be subject to a flat tax (in lieu of the existing income tax provisions) of 19% for the first two years after an election is made, and 17% thereafter. Calculates taxable income for individual taxpayers by subtracting a basic standard deduction and an additional standard deduction for each dependent from the total of wages, retirement distributions, and unemployment compensation. Defines "business taxable income" to mean gross active income reduced by the cost of certain business inputs. Imposes an employer tax on the value of excludable compensation provided to employees not engaged in business activity of 19% for the first two years after an election is made under this Act and 17% thereafter. Repeals the estate, gift, and generation-skipping transfer taxes. Requires a two-thirds vote of the House of Representatives or the Senate to increase the flat tax rate proposed by this Act or to reduce the amount of the standard deduction or business-related deductions allowed by this Act.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 11 March 2013

    Introduced

    Referred to the Committee on Ways and Means, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Source: IntroReferral

  2. 11 March 2013

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 11 March 2013

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 11 March 2013

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 11 March 2013

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 11 March 2013

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Sponsors

Related records

Sources

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