GovTrack’s Bill Summary
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H.R. 25 (108th): Fair Tax Act of 2003
- Introduced:
- Jan 07, 2003 (108th Congress, 2003–2004)
- Sponsor:
- Rep. John Linder [R-GA7]
- Status:
- Died (Referred to Committee)
- See Instead:
- This bill was re-introduced as H.R. 25 (109th) on Jan 04, 2005.
The bill’s title was written by its sponsor. H.R. stands for House of Representatives bill.
- Status
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This bill was introduced on January 7, 2003, in a previous session of Congress, but was not enacted.
- Text
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Last updated Jan 07, 2003.
132 pages
- Progress
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Introduced Jan 07, 2003
- Full Title
To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States.
- Primary Source
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THOMAS.gov (The Library of Congress)
GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here.
- Cosponsors
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54 cosponsors (52R, 2D) (show)
- Committees
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The committee chair determines whether a bill will move past the committee stage.
- Summary
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No summaries available.
- Widget
- Citation
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Click a format for a citation suggestion:
Library of Congress Summary
The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.
1/7/2003--Introduced.
Fair Tax Act of 2003 - Amends the Internal Revenue Code to repeal subtitle A (Income Taxes), B (Estate and Gift Taxes), and C (Employment Taxes) of the Internal Revenue Code.
Imposes a tax on the use or consumption in the United States of taxable property or services. Sets the tax rate at 23 percent for the calendar year 2005. Sets the rate, for years after 2005, at the combined sum of the general revenue rate (14.91 percent), the old-age survivors and disability rate, and the hospital insurance rate.
Sets forth provisions concerning, among other things; (1) imports and exports; (2) definitions; (3) credits and refunds; (4) a "family consumption allowance"; (5) Federal and State cooperative tax administration; (6) administrative matters; (7) collections, appeals, and taxpayer rights; (8) special rules (hobbies, gaming, government purchases, non-profits, and etc.); (9) financial intermediation services; and (10) additional matters.
Sets forth provisions concerning the: (1) phase-out of administration of repealed taxes; (2) administration of other taxes (establishes an Excise Tax Bureau and a Sales Tax Bureau); and (3) sales tax inclusive social security benefits indexation.
House Republican Conference Summary
The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.
No summary available.
House Democratic Caucus Summary
The House Democratic Caucus does not provide summaries of bills.
So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.
We’ll be looking for a source of summaries from the other side in the meanwhile.
The bill contains the following citations to other parts of U.S. law:
Slip Laws
Slip laws refer to enacted bills and joint resolutions in their original form as enacted by Congress, that is, before other laws amend them. Slip laws are cited as “Public Law XXX-YYY”, where XXX is the number of the Congress in which the bill or resolution was introduced.
- Public Law 104-121:
H.R. 3136 (104th): Contract with America Advancement Act of 1996
United States Code
The United States Code is the compilation of general and permanent laws enacted by Congress. Laws that are not permanent in nature, law that affect a single individual, family, or small group, regulations, case law, state law, and local law do not appear in the United States Code.
- Title 42: The Public Health and Welfare
- Chapter 7: Social Security
- Subchapter II: Federal Old-Age, Survivors, and Disability Insurance Benefits
- Section 401: Trust Funds
- Section 415: Computation of primary insurance amount
Statutes at Large
The United States Statutes at Large is the compilation of all laws enacted by Congress.
- 110 Stat. 857
Other Citations
- 5 U.S.C. 601-612
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