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- H.R.2525
H.R.2525: Fair Tax Act of 2001
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about congress
- Introduced July 17, 2001
- Latest Major Action July 17, 2001
- See the twelve similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
7 (4 Democrats, 4 Republicans)
Bill Summary
Fair Tax Act of 2001 - Amends the Internal Revenue Code to repeal subtitle A (Income Taxes), B (Estate and Gift Taxes), and C (Employment Taxes) of the Internal Revenue Code.Imposes a tax on the use or consumption in the United States of taxable property or services. Sets the tax rate at 23 percent for the calendar year 2003. Sets the rate, for years after 2003, at the combined sum of the general revenue rate (14.91 percent), the old-age...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Ways and Means.
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July 17, 2001 |
Introduced in the House by John Linder (R-Ga.) |