The FairTax Act of 2023: Potential Implications for Nevada

October 1, 2023

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.