Select a different bill

HB 0543 - Fair Tax Act - Eliminating Income Taxes in favor of Consumption Tax
Login to post your comments

Tracking Level: Neutral
Sponsor: Emory Dunahoo (R)
Last Action: 3/9/2017 - House Second Readers
House Committee: Ways & Means
Assigned To:
Larry RamseyNext Bill
Sales Tax-LocalNext Bill

Staff Analysis of the Legislation

This bill seeks to repeal income and corporate net worth taxes. It replaces those taxes with a 6.70 % consumption tax. The bill does not repeal state sales and use tax. It leaves the collection mechanism in place, but reduces the rate from 4% to 0%. All local sales and use taxes imposed under Chapter 8 of Title 48 will continue to be imposed and collected.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text

Copyright @1996-2015 Association County Commissioners of Georgia