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- S.155
S.155: Fair Tax Act of 2015
About This Bill
- Introduced Jan. 13, 2015
- Latest Major Action Jan. 13, 2015
- See the seven similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
6 (All Republicans)
Bill Summary
Fair Tax Act of 2015 This bill is a tax reform proposal that imposes a national sales tax on the use or consumption in the United States of taxable property or services in lieu of the current income and corporate income tax, employment and self-employment taxes, and estate and gift taxes. The rate of the sales tax will be 23% in 2017, with adjustments to the rate in subsequent years. There are exemptions from the tax for used and intangible...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| Jan. 13, 2015 |
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S552-553)
|
| Jan. 13, 2015 |
Introduced in the Senate by Jerry Moran (R-Kan.) |