S 1673
105th Congress
Senate
Taxation
Congress
Economic growth
Economics and Public Finance
Estate tax
Excise tax
Families
Finance and Financial Sector
Gift tax
Income tax
Inheritance tax
Job creation
Labor and Employment
Legislation
Marriage
Married people
Personal income tax
Saving and investment
Tax administration
Tax cuts
Tax Code Termination Act
Introduced: February 25, 1998
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 25, 1998
Referred to the Committee on Finance.
Feb 25, 1998
Sponsor introductory remarks on measure. (CR S1003-1004)
Feb 25, 1998
Introduced in Senate
Plain-English summary
Tax Code Termination Act - Prohibits the imposition of any tax by the Internal Revenue Code: (1) for any taxable year beginning after December 31, 2001; and (2) in the case of any tax not imposed on the basis of a taxable year, on any taxable event or for any period after December 31, 2001. Excepts the: (1) tax on self-employment income (chapter 2 of the Code); (2) Federal Insurance Contributions Act (chapter 21 of the Code); and (3) Railroad Retirement Tax Act (chapter 22 of the Code).
Declares that any new Federal tax system should be a simple and fair system.
What's happening now
Referred to the Committee on Finance.
Committees of jurisdiction
1