Legislators
Bills
Statements
Lobbying
Travel
Searching...- Bills
- H.R.1040
H.R.1040: Flat Tax Act
About This Bill
- Introduced Feb. 7, 2019
- Latest Major Action Feb. 7, 2019
- See the ten similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in House - Feb. 7, 2019
Bill Summary
Flat Tax Act This bill authorizes an individual or a person engaged in business activity to make an irrevocable election to be subject to a flat tax (in lieu of the existing income tax provisions) of 19% for the first two years after an election is made, and 17% thereafter. The bill calculates taxable income for individual taxpayers by subtracting a basic standard deduction and an additional standard deduction for each dependent from the...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Feb. 7, 2019 |
Referred to the Committee on Ways and Means, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
|
| Feb. 7, 2019 |
Introduced in the House by Michael C. Burgess (R-Texas) |