The Fair Tax Act, Part XXIV
Today we’ll look at two very short bits of the bill, sections 403 and 404.
`SEC. 403. FEDERAL-STATE TAX CONFERENCES.
`Not less than once annually, the Secretary shall host a conference with the sales tax administrators from the various administering States to evaluate the state of the national sales tax system, to address issues of mutual concern and to develop and consider legislative, regulatory, and administrative proposals to improve the tax system.
Annual conferences are always useful, I guess.
`SEC. 404. FEDERAL ADMINISTRATION IN CERTAIN STATES.
`The Secretary shall administer the tax imposed by this subtitle in any State or other United States jurisdiction that–
`(1) is not an administering State, or
`(2) elected to have another State administer its tax in accordance with section 401(g).
This grants the Federal Treasury Department the ability to administer the tax if a state doesn’t want to do it on its own or via proxy with another state.
