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- S.13
S.13: Fair Tax Act of 2011
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced Jan. 25, 2011
- Latest Major Action Jan. 25, 2011
- See the seven similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
8 (All Republicans)
Bill Summary
Fair Tax Act of 2011 - Repeals the income tax, employment tax, and estate and gift tax. Redesignates the Internal Revenue Code of 1986 as the Internal Revenue Code of 2011. 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 2013, with adjustments to the rate in subsequent years. Allows exemptions from the tax for property or services purchased for...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| Jan. 25, 2011 |
Introduced in the Senate by Saxby Chambliss (R-Ga.) |