Bill Basics
Initially proposed: March 5, 2009
Official filing: HJR 36 – FAIR TAXATION – Emery, Edgar G. H.
Official brief summary: Proposes a constitutional amendment replacing individual and corporate income tax and sales and use tax with a sales tax on retail sales of new tangible property and taxable services
Full effect date: January 1, 2012
To read the full bill text, available in PDF, click here.
This proposition is as the bill is called… a fair tax. I am extremely pleased that this has even been proposed let alone passed through one of the houses of our congress. I can’t wait for this to come to fruition.