H.R. 5105 (110th): Fair and Simple Tax Act of 2008

To amend the Internal Revenue Code of 1986 to reduce taxes by providing an alternative determination of income tax liability for individuals, repealing the estate and gift taxes, reducing corporate income tax rates, reducing the maximum tax for individuals on capital gains and dividends to 10 percent, indexing the basis of assets for purposes of determining capital gain or loss, creating tax-free accounts for retirement savings, lifetime savings, and life skills, repealing the adjusted gross income threshold in the medical care deduction for individuals under age 65 who have no employer health coverage, and for other purposes.

The bill’s titles are written by its sponsor.

Overview

Introduced:

Jan 23, 2008
110th Congress, 2007–2009

Status:
Died in a previous Congress

This bill was introduced on January 23, 2008, in a previous session of Congress, but was not enacted.

Sponsor:

David Dreier

Representative for California's 26th congressional district

Republican

Text:

Read Text »
Last Updated: Jan 23, 2008
Length: 49 pages

History

Jan 23, 2008
 
Introduced

This is the first step in the legislative process.

H.R. 5105 (110th) was a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

This bill was introduced in the 110th Congress, which met from Jan 4, 2007 to Jan 3, 2009. Legislation not enacted by the end of a Congress is cleared from the books.

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“H.R. 5105 — 110th Congress: Fair and Simple Tax Act of 2008.” www.GovTrack.us. 2008. April 27, 2017 <https://www.govtrack.us/congress/bills/110/hr5105>

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