The Fair Tax Act of 2005, Part XIX
Section 304 details how rebates will be issued:
`SEC. 304. REBATE MECHANISM.
`(a) General Rule- The Social Security Administration shall provide a monthly sales tax rebate to duly registered qualified families in an amount determined in accordance with section 301.
`(b) Persons Receiving Rebate- The payments shall be made to the persons designated by the qualifying family in the annual or revised registration for each qualified family in effect with respect to the month for which payment is being made. Payments may only be made to persons 18 years or older. If more than 1 person is designated in a registration to receive the rebate, then the rebate payment shall be divided evenly between or among those persons designated.
`(c) When Rebates Mailed- Rebates shall be mailed on or before the first business day of the month for which the rebate is being provided.
`(d) Smartcards and Direct Electronic Deposit Permissible- The Social Security Administration may provide rebates in the form of smartcards that carry cash balances in their memory for use in making purchases at retail establishments or by direct electronic deposit.
So each registered family (or family of one perhaps) will get their rebate checks in the mail, via direct deposit, or via a smartcard/debit card account arrangement. I would probably use direct deposit myself. Paper checks are slow, and I think a separate debit card from my regular check card is not very convenient (just another card to have to safeguard and another account to watch). More interesting details in section 305 next time!
