Fair Tax Act of 2013
Latest action · Jan 3, 2013 Referred to the House Committee on Ways and Means.
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.
- IntroducedJan 3, 2013
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Fair Tax Act of 2013 - Repeals the income tax, employment tax, and estate and gift tax. Redesignates the Internal Revenue Code of 1986 as the Internal Revenue Code of 2013.
Imposes a national sales tax on the use or consumption in the United States of taxable property or services. Sets the sales tax rate at 23% in 2015, with adjustments to the rate in subsequent years. Allows exemptions from the tax for property or services purchased for business, export, or investment purposes, and for state government functions.
Sets forth rules relating to: (1) the collection and remittance of the sales tax, and (2) credits and refunds. Allows a monthly sales tax rebate for families based upon criteria related to family size and poverty guidelines.
Grants states the primary authority for the collection of sales tax revenues and the remittance of such revenues to the Treasury. Sets forth administrative provisions relating to: (1) the filing of monthly reports and payments of tax; (2) accounting methods; (3) registration of sellers of goods and services responsible for reporting sales; (4) penalties for noncompliance; and (5) collections, appeals, and taxpayer rights.
Directs the Secretary of the Treasury to allocate sales tax revenues 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.
Prohibits the funding of the Internal Revenue Service (IRS) after FY2017. Establishes in the Department of the Treasury: (1) an Excise Tax Bureau to administer excise taxes not administered by the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF); and (2) a Sales Tax Bureau to administer the national sales tax.
Terminates the sales tax imposed by this Act if the Sixteenth Amendment to the U.S. Constitution (authorizing an income tax) is not repealed within seven years after the enactment of this Act.
Cosponsors 75
Members who signed on, in the order they did. Signatures ran from Jan 3, 2013 to Jun 24, 2014, with 53 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-FL | Ander Crenshaw | Original | Jan 3, 2013 |
| R-MD | Andy Harris | Original | Jan 3, 2013 |
| R-TX | Bill Flores | Original | Jan 3, 2013 |
| R-FL | Bill Posey | Original | Jan 3, 2013 |
| R-MO | Billy Long | Original | Jan 3, 2013 |
| R-TX | Blake Farenthold | Original | Jan 3, 2013 |
| R-MI | Dan Benishek | Original | Jan 3, 2013 |
| R-CA | Darrell Issa | Original | Jan 3, 2013 |
| R-TN | David P. Roe | Original | Jan 3, 2013 |
| R-FL | Dennis A. Ross | Original | Jan 3, 2013 |
| R-AK | Don Young | Original | Jan 3, 2013 |
| R-GA | Doug Collins | Original | Jan 3, 2013 |
| R-CA | Duncan Hunter | Original | Jan 3, 2013 |
| R-VA | E. Scott Rigell | Original | Jan 3, 2013 |
| R-OK | Frank D. Lucas | Original | Jan 3, 2013 |
Actions 2
Everything that happened, newest first.
- Jan 3, 2013Introduced in House
- Jan 3, 2013Referred to the House Committee on Ways and Means.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Administrative law and regulatory procedures
- Constitution and constitutional amendments
- Department of the Treasury
- Employment taxes
- Executive agency funding and structure
- Foreign and international corporations
- Fraud offenses and financial crimes
- Gambling
- Games and hobbies
- General taxation matters
- Government information and archives
- Government trust funds
- Income tax credits
- Interest, dividends, interest rates
- Intergovernmental relations
- Internal Revenue Service (IRS)
- Medicare
- Poverty and welfare assistance
- Sales and excise taxes
- Small business
- Social security and elderly assistance
- State and local government operations
- Tax administration and collection, taxpayers
- Tax reform and tax simplification
- Taxation
- Taxation of foreign income
- Transfer and inheritance taxes
Text 1
Each version as it was printed, newest first.
- Jan 3, 2013Introduced in House
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.