Individual Tax Freedom Act of 2001
Latest action · Aug 2, 2001 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.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedAug 2, 2001
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Amends the Internal Revenue Code to impose a 15 percent tax on the use, consumption or enjoyment in the U.S. of any property or service produced or rendered within or without of the United States. Prohibits, subject to exception, imposing a tax on any property or service purchased for: (1) a business purpose in an active trade or business; or (2) export from the United States for use or consumption outside of the Unites States, provided that the purchaser provided the seller with either an intermediate sales certificate or an export sales certificate. Sets forth provisions concerning credits and refunds.
Allows for general credits against the tax, including: (1) a used property credit; (2) a business use conversion credit; (3) an administration credit; (4) a compliance equipment cost credit; (5) a bad debt credit; (6) an insurance proceeds credit; and (7) a transition inventory credit.
Provides for installment payments of the tax on the purchase of a principal residence.
Allows an eligible family unit to receive a sales tax rebate.
Directs an administering State to administer, collect, and remit to the U.S. Treasury the tax on gross payments for the use, consumption or enjoyment of taxable property or services within the State.
Prohibits the authorizing of any appropriations for the Internal Revenue Service after FY 2005. Establishes in the Treasury: (1) an Excise Tax Bureau to administer any excise taxes not repealed by this Act; and (2) a Sales Tax Bureau to administer the national sales tax.
Authorizes the Social Security Administration to collect and administer self-employment income and employment taxes.
Requires a supermajority in the House of Representatives or the Senate to raise rates.
Cosponsors 10
Members who signed on, in the order they did. Signatures ran from Aug 2, 2001 to Oct 8, 2002, with 9 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-GA | Bob Barr | Original | Aug 2, 2001 |
| D-AZ | Bob Stump | Original | Aug 2, 2001 |
| R-IN | Dan Burton | Original | Aug 2, 2001 |
| D-OH | James A. Traficant Jr. | Original | Aug 2, 2001 |
| R-SC | Jim DeMint | Original | Aug 2, 2001 |
| R-TX | John Abney Culberson | Original | Aug 2, 2001 |
| R-TX | Kevin Brady | Original | Aug 2, 2001 |
| D-TX | Ralph M. Hall | Original | Aug 2, 2001 |
| R-AL | Sonny Callahan | Original | Aug 2, 2001 |
| R-GA | Saxby Chambliss | Oct 8, 2002 |
Actions 2
Everything that happened, newest first.
- Aug 2, 2001Introduced in House
- Aug 2, 2001Referred 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.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Accounting
- Administrative fees
- Administrative procedure
- Administrative remedies
- Affiliated corporations
- Annuities
- Authorization
- Business income tax
- Business records
- Capital gains tax
- Commerce
- Congress
- Congressional voting
- Copyright
- Cost of living adjustments
- Crime and Law Enforcement
- Debt
- Defined benefit pension plans
- Department of Health and Human Services
- Department of the Treasury
- Dividend tax
- Economics and Public Finance
- Education
- Elementary and secondary education
- Employee training
- Estate tax
- Evidence (Law)
- Excise tax
- Executive reorganization
- Exports
- Families
- Federal employees
- Federal-state relations
- Fees
- Finance and Financial Sector
- Financial services
- Financial statements
- Fines (Penalties)
- Foreign Trade and International Finance
- Gambling
- Garnishment
- Gift tax
- Government attorneys
- Government corporations
- Government Operations and Politics
- Government paperwork
- Government publicity
- Governmental investigations
- Grievance procedures
- Higher education
- Home ownership
- House rules and procedure
- Housing and Community Development
- Imports
- Income tax
- Injunctions
- Insurance
- Insurance premiums
- Intellectual property
- Interest
- Interest rates
- Intergovernmental fiscal relations
- Intergovernmental tax relations
- Interstate compacts
- Interstate relations
- Inventories
- Investments
- Judicial review of administrative acts
- Jurisdiction
- Labor and Employment
- Law
- Leases
- Legal fees
- Legislation
- Legislative amendments
- Legislative resolutions
- Loan defaults
- Local employees
- Motor vehicles
- Nonprofit organizations
- Old age, survivors and disability insurance
- Personal income tax
- Poor
- Property tax credit
- Regulatory impact statements
- Rent
- Research and development
- Retail trade
- Sales tax
- Science, Technology, Communications
- Self-employed
- Senate rules and procedure
- Small business
- Social security numbers
- Social security taxes
- Social Welfare
- Sports and Recreation
- State employees
- Students
- Subpoena
- Tariff
- Tax administration
- Tax auditing
- Tax courts
- Tax credits
- Tax deductions
- Tax exemption
- Tax liens
- Tax penalties
- Tax preferences
- Tax rates
- Tax rebates
- Tax refunds
- Tax returns
- Tax-exempt organizations
- Taxation
- Taxpayers
- Telephone
- Trademarks
- Transportation and Public Works
- Vending machines
- Wages
- Withholding tax
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.
