H R 2525 in Congressional Session 106
Official Summary
Bill Number : H R 2525 |
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.
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SUMMARY AS OF:
Title I: Repeal of the Income Tax, Payroll Taxes, and Estate and Gift Taxes - 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. Title II: Sales Tax Enacted - 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 2001. Sets the rate, for years after 2001, 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. Title III: Other Matters - Sets forth provisions concerning the: (1) phase-out of administration of repealed taxes; (2) administration of other taxes (establishes an Excise Tax Bureau and a Sales Tax Bureau); and (3) sales tax inclusive social security benefits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. |
Votes
| 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.
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| Votes in the US Senate | |
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| Votes in the US House | |
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Sponsors
| Congressional Sponsors of H R 2525 |
| Bill Number : H R 2525 |
| 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.
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| Sponsor: Rep Linder, John [GA-11] (introduced 7/14/1999) |
| ALPHABETICAL [followed by Cosponsors withdrawn]: (Sort:
by date) Rep Barcia, James A. [MI-5] - 9/8/1999 Rep Bonilla, Henry [TX-23] - 9/14/1999 Rep Campbell, Tom [CA-15] - 9/8/1999 Rep Condit, Gary A. [CA-18] - 11/10/1999 Rep Hall, Ralph M. [TX-4] - 9/14/1999 Rep Lewis, Jerry [CA-40] - 11/10/1999 Rep Peterson, Collin C. [MN-7] - 7/14/1999 |
Other Info
| Bill Number : H R 2525 | ||||
| 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.
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