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- H.R.25
H.R.25: Fair Tax Act of 2003
About This Bill
- This bill was introduced in the 108th Congress
- This bill is primarily about taxation
- Introduced Jan. 7, 2003
- Latest Major Action May 5, 2004
- See the twelve similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
55 (2 Democrats, 54 Republicans)
Bill Summary
Fair Tax Act of 2003 - 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 2005. Sets the rate, for years after 2005, 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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Referred to the House Committee on Ways and Means.
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Sponsor introductory remarks on measure.
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| Jan. 7, 2003 |
Introduced in the House by John Linder (R-Ga.) |