SJ326: Consumption of goods and services; joint subcommittee to study viability of fair tax thereon.

Chief Patron

Brandon Bell (R-22)
Served: 2004–

Progress

☑	Introduced
☐	Passed Committee
☐	Passed House
☐	Passed Senate

Status

Bill is Dead
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Summary

Study; flat tax; report. Establishes a joint subcommittee to study the viability of a flat tax on the consumption of goods and services as an alternative tax system. During its two-year study, the joint subcommittee will (i) explore the revenue that could be generated from a flat tax on the consumption of goods and services, (ii) determine the amount of revenue that is currently generated from state and local general fund taxes, (iii) estimate the rate of a flat tax that would need to be imposed on the consumption of goods and services to generate approximately the same amount of revenue that is currently generated from state and local general fund taxes, (iv) study other issues relating to the adoption of a flat tax including the distribution of revenues, and (v) determine the viability of a flat tax on the consumption of goods and services as a replacement for current state and local general fund taxes.

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Poll Results

1 vote

Richmond Sunlight