FairTax Act of 2023

Summary

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terminates the national sales tax if the Sixteenth Amendment to the Constitution (authorizing an income tax) is not repealed within seven years after the enactment of this bill.

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

Timeline

1. 9 January 2023

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 9 January 2023

   Introduced

   Introduced in House

   Source: IntroReferral

3. 9 January 2023

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 9 January 2023 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 9 January 2023

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 9 January 2023

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 9 January 2023

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Carter, Earl L. "Buddy" [R-GA-1] · R · Sponsor
• Rep. Clyde, Andrew S. [R-GA-9] · R · Sponsor
• Rep. Duncan, Jeff [R-SC-3] · R · Sponsor
• Rep. Cammack, Kat [R-FL-3] · R · Sponsor
• Rep. Perry, Scott [R-PA-10] · R · Sponsor
• Rep. Good, Bob [R-VA-5] · R · Sponsor
• Rep. Massie, Thomas [R-KY-4] · R · Sponsor
• Rep. Norman, Ralph [R-SC-5] · R · Sponsor
• Rep. Posey, Bill [R-FL-8] · R · Sponsor
• Rep. Palmer, Gary J. [R-AL-6] · R · Sponsor
• Sen. Banks, Jim [R-IN] · R · Sponsor
• Rep. Loudermilk, Barry [R-GA-11] · R · Sponsor
• Rep. Carter, John R. [R-TX-31] · R · Cosponsor
• Rep. Bilirakis, Gus M. [R-FL-12] · R · Cosponsor
• Rep. Gaetz, Matt [R-FL-1] · R · Cosponsor
• Rep. Greene, Marjorie Taylor [R-GA-14] · R · Cosponsor
• Rep. Rutherford, John H. [R-FL-5] · R · Cosponsor
• Rep. Davidson, Warren [R-OH-8] · R · Cosponsor
• Rep. Steube, W. Gregory [R-FL-17] · R · Cosponsor
• Rep. Donalds, Byron [R-FL-19] · R · Cosponsor
• Rep. Moore, Blake D. [R-UT-1] · R · Cosponsor
• Rep. Collins, Mike [R-GA-10] · R · Cosponsor
• Rep. Moore, Barry [R-AL-1] · R · Cosponsor
• Rep. Burlison, Eric [R-MO-7] · R · Cosponsor
• Rep. Walberg, Tim [R-MI-5] · R · Cosponsor
• Rep. Foxx, Virginia [R-NC-5] · R · Cosponsor
• Rep. Biggs, Andy [R-AZ-5] · R · Cosponsor
• Rep. Strong, Dale W. [R-AL-5] · R · Cosponsor
• Rep. Santos, George [R-NY-3] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to ← FairTax Act of 2021