Bill113th Congress

H.R. 25

Fair Tax Act of 2013

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Introduced
Jan 3, 2013
Origin Chamber
House
Policy Area
Taxation
Latest Action
Jan 3, 2013
Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Rep. Woodall, Rob [R-GA-7]

Republican·GA-7
Bioguide ID: W000810
First Name: Rob
Last Name: Woodall
By Request: N
75
Cosponsors
1
Committees
3
Actions
0
Amendments
0
Related Bills
26
Subjects
1
Summaries
3
Titles
1
Text Versions

Bill Details

Update Date
Nov 15, 2022
Origin Chamber
House
Bill Type
HR
Bill Number
25
Congress
113
Introduced Date
Jan 3, 2013
Policy Area
Taxation
Is Law
No
Jan 3, 2013IntroReferralH11100

Referred to the House Committee on Ways and Means.

Source: House floor actions

Jan 3, 2013IntroReferralIntro-H

Introduced in House

Source: Library of Congress

Jan 3, 2013IntroReferral1000

Introduced in House

Source: Library of Congress

Introduced in House· Jan 3, 20130

Fair Tax Act of 2013 - Repeals the income tax, employment tax, and estate and gift tax. Redesignates the Internal Revenue Code of 1986 as the Internal Revenue Code of 2013.

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 2015, with adjustments to the rate in subsequent years. Allows exemptions from the tax for property or services purchased for business, export, or investment purposes, and for state government functions.

Sets forth rules relating to: (1) the collection and remittance of the sales tax, and (2) credits and refunds. Allows a monthly sales tax rebate for families based upon criteria related to family size and poverty guidelines.

Grants states the primary authority for the collection of sales tax revenues and the remittance of such revenues to the Treasury. Sets forth administrative provisions relating to: (1) the filing of monthly reports and payments of tax; (2) accounting methods; (3) registration of sellers of goods and services responsible for reporting sales; (4) penalties for noncompliance; and (5) collections, appeals, and taxpayer rights.

Directs the Secretary of the Treasury to allocate sales tax revenues among: (1) the general revenue, (2) the old-age and survivors insurance trust fund, (3) the disability insurance trust fund, (4) the hospital insurance trust fund, and (5) the federal supplementary medical insurance trust fund.

Prohibits the funding of the Internal Revenue Service (IRS) after FY2017. Establishes in the Department of the Treasury: (1) an Excise Tax Bureau to administer excise taxes not administered by the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF); and (2) a Sales Tax Bureau to administer the national sales tax.

Terminates the sales tax imposed by this Act if the Sixteenth Amendment to the U.S. Constitution (authorizing an income tax) is not repealed within seven years after the enactment of this Act.

Ways and Means Committee

House· Standing
Administrative law and regulatory proceduresConstitution and constitutional amendmentsDepartment of the TreasuryEmployment taxesExecutive agency funding and structureForeign and international corporationsFraud offenses and financial crimesGamblingGames and hobbiesGeneral taxation mattersGovernment information and archivesGovernment trust fundsIncome tax creditsInterest, dividends, interest ratesIntergovernmental relationsInternal Revenue Service (IRS)MedicarePoverty and welfare assistanceSales and excise taxesSmall businessSocial security and elderly assistanceState and local government operationsTax administration and collection, taxpayersTax reform and tax simplificationTaxation of foreign incomeTransfer and inheritance taxes

Introduced in House

Jan 3, 2013

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Fair Tax Act of 2013 — Informed