IN HR0005

Urges the Indiana legislative council to assign the topic of Fair Tax at the state level to the appropriate committee for study

Describes the Fair Tax plan as a sales tax proposal designed to replace the current income tax structure

Notes that a federal Fair Tax plan would abolish all personal and corporate income taxes plus taxes on gifts, estates, capital gains, alternative minimums, Social Security, Medicare, and self-employment

Asserts that Indiana's past commitment to reducing taxes suggests further study of a state-level Fair Tax plan could benefit residents