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H.R.25

Fair Tax Act of 2005 (Introduced in House)
Beginning
 January 4, 2005
    SECTION 1. SHORT TITLE; TABLE OF CONTENTS.
    Sec. 1. Short title; table of contents.
    SEC. 2. CONGRESSIONAL FINDINGS.
 TITLE I--REPEAL OF THE INCOME TAX, PAYROLL TAXES, AND ESTATE AND GIFT TAXES
    SEC. 101. INCOME TAXES REPEALED.
    SEC. 102. PAYROLL TAXES REPEALED.
    SEC. 103. ESTATE AND GIFT TAXES REPEALED.
    SEC. 104. CONFORMING AMENDMENTS; EFFECTIVE DATE.
 TITLE II--SALES TAX ENACTED
    SEC. 201. SALES TAX.
 `Subtitle A--Sales Tax
 `Chapter 1. Interpretation; Definitions; Imposition of Tax; etc
 `Chapter 2. Credits; Refunds
 `Chapter 3. Family Consumption Allowance
 `Chapter 4. State and Federal Cooperative Tax Administration
 `Chapter 5. Other Administrative Provisions
 `Chapter 6. Collection; Appeals; Taxpayer Rights
 `Chapter 7. Special Rules
 `Chapter 8. Financial Intermediation Services
 `Chapter 9. Additional Matters
    `SEC. 1. PRINCIPLES OF INTERPRETATION.
    `SEC. 2. DEFINITIONS.
 `CHAPTER 1--INTERPRETATION; DEFINITIONS; IMPOSITION OF TAX; ETC.
    `SEC. 101. IMPOSITION OF SALES TAX.
    `SEC. 102. INTERMEDIATE AND EXPORT SALES.
    `SEC. 103. RULES RELATING TO COLLECTION AND REMITTANCE OF TAX.
 `CHAPTER 2--CREDITS; REFUNDS
    `SEC. 201. CREDITS AND REFUNDS.
    `SEC. 202. BUSINESS USE CONVERSION CREDIT.
    `SEC. 203. INTERMEDIATE AND EXPORT SALES CREDIT.
    `SEC. 204. ADMINISTRATION CREDIT.
    `SEC. 205. BAD DEBT CREDIT.
    `SEC. 206. INSURANCE PROCEEDS CREDIT.
    `SEC. 207. REFUNDS.
 `CHAPTER 3--FAMILY CONSUMPTION ALLOWANCE
    `SEC. 301. FAMILY CONSUMPTION ALLOWANCE.
    `SEC. 302. QUALIFIED FAMILY.
    `SEC. 303. MONTHLY POVERTY LEVEL.
    `SEC. 304. REBATE MECHANISM.
    `SEC. 305. CHANGE IN FAMILY CIRCUMSTANCES.
 `CHAPTER 4--FEDERAL AND STATE COOPERATIVE TAX ADMINISTRATION
    `SEC. 401 AUTHORITY FOR STATES TO COLLECT TAX.
    `SEC. 402. FEDERAL ADMINISTRATIVE SUPPORT FOR STATES.
    `SEC. 403. FEDERAL-STATE TAX CONFERENCES.
    `SEC. 404. FEDERAL ADMINISTRATION IN CERTAIN STATES.
    `SEC. 405. INTERSTATE ALLOCATION AND DESTINATION DETERMINATION.
    `SEC. 406. GENERAL ADMINISTRATIVE MATTERS.
    `SEC. 407. JURISDICTION.
 `CHAPTER 5--OTHER ADMINISTRATIVE PROVISIONS
    `SEC. 501. MONTHLY REPORTS AND PAYMENTS.
    `SEC. 502. REGISTRATION.
    `SEC. 503. ACCOUNTING.
    `SEC. 504. REGISTRATION CERTIFICATES.
    `SEC. 505. PENALTIES.
    `SEC. 506. BURDEN OF PERSUASION AND BURDEN OF PRODUCTION.
    `SEC. 507. ATTORNEYS' AND ACCOUNTANCY FEES.
    `SEC. 508. SUMMONS, EXAMINATIONS, AUDITS, ETC.
    `SEC. 509. RECORDS.
    `SEC. 510. TAX TO BE SEPARATELY STATED AND CHARGED.
    `SEC. 511. COORDINATION WITH TITLE 11.
    `SEC. 512. APPLICABLE INTEREST RATE.
 `CHAPTER 6--COLLECTIONS; APPEALS; TAXPAYER RIGHTS
    `SEC. 601. COLLECTIONS.
    `SEC. 602. POWER TO LEVY, ETC.
    `SEC. 603. PROBLEM RESOLUTION OFFICES.
    `SEC. 604 APPEALS.
    `SEC. 605. TAXPAYER RIGHTS.
    `SEC. 606. INSTALLMENT AGREEMENTS; COMPROMISES.
 `CHAPTER 7--SPECIAL RULES
    `SEC. 701. HOBBY ACTIVITIES.
    `SEC. 702. GAMING ACTIVITIES.
    `SEC. 703. GOVERNMENT PURCHASES.
    `SEC. 704. GOVERNMENT ENTERPRISES.
    `SEC. 705. MIXED USE PROPERTY.
    `SEC. 706. NOT-FOR-PROFIT ORGANIZATIONS.
 `CHAPTER 8--FINANCIAL INTERMEDIATION SERVICES
    `SEC. 801. DETERMINATION OF FINANCIAL INTERMEDIATION SERVICES AMOUNT.
    `SEC. 802. BAD DEBTS.
    `SEC. 803. TIMING OF TAX ON FINANCIAL INTERMEDIATION SERVICES.
    `SEC. 804. FINANCING LEASES.
    `SEC. 805. BASIC INTEREST RATE.
    `SEC. 806. FOREIGN FINANCIAL INTERMEDIATION SERVICES.
 `CHAPTER 9--ADDITIONAL MATTERS
    `SEC. 901. ADDITIONAL MATTERS.
    `SEC. 902. TRANSITION MATTERS.
    `SEC. 903. WAGES TO BE REPORTED TO SOCIAL SECURITY ADMINISTRATION.
    `SEC. 904. TRUST FUND REVENUE.
    `SEC. 905. WITHHOLDING OF TAX ON NONRESIDENT ALIENS AND FOREIGN CORPORATIONS.
    SEC. 202. CONFORMING AND TECHNICAL AMENDMENTS.
    `SEC. 6161. EXTENSION OF TIME FOR PAYING TAX.
    `SEC. 6601. INTEREST ON OVERPAYMENTS AND UNDERPAYMENT.
    `SEC. 7451. FEE FOR FILING PETITION.
 TITLE III--OTHER MATTERS
    SEC. 301. PHASE-OUT OF ADMINISTRATION OF REPEALED FEDERAL TAXES.
    SEC. 302. ADMINISTRATION OF OTHER FEDERAL TAXES.
    SEC. 303. SALES TAX INCLUSIVE SOCIAL SECURITY BENEFITS INDEXATION.
 
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