IN HR0013

Urges the legislative council to assign a study committee to examine implementing a FairTax at the Indiana state level, modeled on federal H.R.25 and South Carolina House Bill H. 3211

Proposes studying a consumption tax system to replace current income and payroll taxes, with a monthly family consumption tax rebate for qualified residents

Requests an initial study to determine the total consumption tax rate needed to fund state operations, individual county operations, and family consumption tax rebates

Recommends the study analysis be independently conducted by two Indiana universities and a private institute with expertise in state tax structures

Identifies potential economic benefits including business relocation incentives and job creation if Indiana becomes the first state to enact FairTax legislation