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GA SR988
Resolution
Status
Engrossed
3/22/2016
Primary Sponsor
Jesse Stone
Click for details
AI Summary
- Georgia Senate urges the U.S. Congress to repeal the Sixteenth Amendment to the Constitution, abolishing the federal income tax, and to enact the Fair Tax Act
- The Fair Tax Act would replace all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes with a single federal retail sales tax administered primarily by existing state sales tax authorities
- Workers would keep their entire paychecks and retirees their entire pensions, with the resolution asserting the change would dramatically lower tax rates for low- and middle-income families
- Congress is urged to assist states in collecting sales tax on Internet and mail order catalog sales to level competition between traditional and online retail stores
- The Secretary of the Senate is directed to distribute copies of the resolution to each member of the Georgia congressional delegation
Legislative Description
United States Congress; urged to enact the Fair Tax Act
Last Action
Senate Passed/Adopted
3/22/2016
Full Bill Text
No bill text available