The FairTax Act of 2023: Potential Implications for Nevada
October 1, 2023
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The FairTax Act of 2023, a bill introduced in the U.S. House of Representatives, proposes to repeal the income tax, payroll taxes, and estate and gift taxes, replacing them with a federal sales and use tax. This brief is intended to highlight possible implications of such legislation for Nevada, as well as avenues for further research.