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Alabama “Fair Tax” Legislation Would Replace Income, Sales Tax With Consumption Tax

Alabama “Fair Tax” Legislation Would Replace Income, Sales Tax With Consumption Tax
Photo Credit: Alabama FAIRtax logo by is licensed under
Alabama Rep. Mike Holmes, R-Wetumpka, prefiled “fair tax” legislation for the 2020 regular session that replaces state income and sales taxes with a statewide consumption tax.

The legislation, called the "Alabama Economic Freedom Act", would create a uniform 8.03 percent tax on all purchases of goods and services in the state. The tax is designed to generate the same amount of revenue for the state as the traditional income and sales tax system.

The Income Tax Division of the Alabama Department of Revenue would be rendered obsolete and the collection of the consumption tax would be redirected to the Sales Tax Division.

Holmes said the current system picks winners and losers through a “never-ending maze of tax exemptions, deductions, and credits” in a release. The system proposed in the legislation is simple and one people can understand, he claimed.

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Become involved now in bringing Alabamians Economic Freedom by contacting
Chuck Bailey   256-479-4350   IrLaserman@sprynet.com

Learn more by visiting
www.ALFAIRtax.org
Alabama State Fair Tax Facebook Page

Click Here to read the official press release

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Americans for Fair Taxation® is a 501(c)(4) non-profit, non-partisan grassroots organization solely dedicated to replacing the current income tax system with a fair, simple and transparent national consumption tax – the FAIRtax® Plan. We rely entirely on contributions from concerned citizens like you who want a tax system that will generate jobs and stimulate the economy. Welcome to the FAIRtax team!

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