Bill > HR25

Introduced Session

FairTax 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 property, for property or services purchased for business, export, or investment purposes, and for state government functions. Under the bill, family members who are lawful U.S. residents receive a monthly sales tax rebate (Family Consumption Allowance) based upon criteria related to family size and poverty guidelines. The states have the responsibility for administering, collecting, and remitting the sales tax to the Treasury. Tax revenues are to be allocated 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. No funding is allowed for the operations of the Internal Revenue Service after FY2019. Finally, the bill terminates the national sales tax if the Sixteenth Amendment to the Constitution (authorizing an income tax) is not repealed within seven years after the enactment of this Act.

Committee Categories

Rob Woodall (R)*,  Dan Benishek (R),  Gus Bilirakis (R),  Rob Bishop (R),  Marsha Blackburn (R),  Kevin Brady (R),  Dave Brat (R),  Jim Bridenstine (R),  Mo Brooks (R),  Buddy Carter (R),  John Carter (R),  Steve Chabot (R),  Doug Collins (R),  K. Michael Conaway (R),  Ander Crenshaw (R),  John Culberson (R),  Ron DeSantis (R),  Scott DesJarlais (R),  Jeff Duncan (R),  John Duncan (R),  Tom Emmer (R),  Blake Farenthold (R),  Bill Flores (R),  Virginia Foxx (R),  Trent Franks (R),  Scott Garrett (R),  Kay Granger (R),  Sam Graves (R),  Tom Graves (R),  Cresent Hardy (R),  Andy Harris (R),  Jeb Hensarling (R),  Jody Hice (R),  Tim Huelskamp (R),  Darrell Issa (R),  Lynn Jenkins (R),  Steve King (R),  John Kline (R),  Billy Long (R),  Barry Loudermilk (R),  Frank Lucas (R),  Kenny Marchant (R),  Thomas Massie (R),  Michael McCaul (R),  Tom McClintock (R),  Mark Meadows (R),  John Mica (R),  Candice Miller (R),  Jeff Miller (R),  Markwayne Mullin (R),  Randy Neugebauer (R),  Richard Nugent (R),  Pete Olson (R),  Gary Palmer (R),  Stevan Pearce (R),  Ted Poe (R),  Mike Pompeo (R),  Bill Posey (R),  Tom Price (R),  John Ratcliffe (R),  E. Scott Rigell (R),  David Roe (R),  Thomas Rooney (R),  Dennis Ross (R),  Steve Russell (R),  Matt Salmon (R),  Mark Sanford (R),  Jason Smith (R),  Marlin Stutzman (R),  Mac Thornberry (R),  Tim Walberg (R),  Lynn Westmoreland (R),  Rob Wittman (R),  Kevin Yoder (R),  Ted Yoho (R),  Don Young (R), 

Referred to the House Committee on Ways and Means. (on 01/06/2015)

Official Document