Implementing a Border Adjustment Tax Act
An Act to implement an Border Adjustment Tax
Be it enacted by the Congress of the Republic of Atlasia assembled:
Section 1: BAT Rate
- A Border Adjustment Tax of 15% shall be implemented
Section 2: Tax Credit for Certain Types of Business Owners
- Owners of Sole Prioportships, Partnerships, and LLC's will receive a $1000 Dollar Tax Credit
- Tax credit will begin to phase our for businesses making $300,000 or more and will fully phase-out for businesses making over $500,000
Sponsor: Old School Republican
House Designation: HR 24-12
72 hours to debate.