S. 820 (112th): Simplified, Manageable, And Responsible Tax Act

Apr 14, 2011 (112th Congress, 2011–2013)
Died (Referred to Committee)
Richard Shelby
Senior Senator from Alabama
Read Text »
Last Updated
Apr 14, 2011
22 pages
Related Bills
S. 932 (111th) was a previous version of this bill.

Referred to Committee
Last Action: Apr 30, 2009

S. 173 (113th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Jan 29, 2013


This bill was introduced on April 14, 2011, in a previous session of Congress, but was not enacted.

Introduced Apr 14, 2011
Referred to Committee Apr 14, 2011
Full Title

A bill to repeal the current Internal Revenue Code and replace it with a flat tax, thereby guaranteeing economic growth and greater fairness for all Americans.


No summaries available.


Senate Finance

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Primary Source

THOMAS.gov (The Library of Congress)

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S. stands for Senate bill.

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The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

Simplified, Manageable, And Responsible Tax Act or the SMART Act - Amends the Internal Revenue Code to replace the marginal income tax rates with a single rate of 17% on individual taxable income.
Redefines "taxable income" to mean the amount by which wages, retirement distributions, and unemployment compensation exceed the standard deduction.
Increases the basic standard deduction and includes an additional standard deduction for dependents.
Includes in taxable income the taxable income of each dependent child under the age of 14.
Replaces the current tax on corporations with a tax on every person engaged in a business activity equal to 17% of the business taxable income of such person.
Makes the person engaged in the business activity liable for the tax, whether or not such person is an individual, a partnership, or a corporation.
Imposes a tax of 17% on the value of excludable compensation provided during the year by an employer for the benefit of employees.
Makes the employer liable for the tax.
Repeals pension plan rules relating to :
(1) non-discrimination,
(2) contribution limits, and
(3) restrictions on distributions.
Revises rules relating to transfers of excess pension assets.
(1) the alternative minimum tax;
(2) all income tax credits;
(3) estate, gift, and generation-skipping transfer taxes; and
(4) income tax provisions, except certain provisions relating to retirement distributions and tax-exempt organizations.
Declares it not in order in the House of Representatives or the Senate, unless waived or suspended by a three-fifths vote, to consider any legislation that increases or adds an income tax rate, reduces the standard deduction, or provides any exclusion, deduction, credit, or other benefit that reduces federal revenues.

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

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