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S 627 106th Congress Senate

Tax Code Termination Act

Official title: A bill to terminate the Internal Revenue Code of 1986.

Introduced: March 16, 1999 See on congress.gov
Taxation Business income taxCommerceCongressEconomic growth
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Economics and Public FinanceEstate taxExcise taxFamiliesFinance and Financial SectorGift taxIncome taxInheritance taxJob creationLabor and EmploymentLegislationMarriageMarried peoplePersonal income taxSaving and investmentTax administrationTax cutsTax ratesTax simplificationTaxpayers
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 16, 1999
Read twice and referred to the Committee on Finance.
Mar 16, 1999
Introduced in Senate
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 Latest action March 16, 1999

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service
Tax Code Termination Act Declares that no tax (except the tax on self-employment income and the taxes relating to the Federal Insurance Contributions Act and the Railroad Retirement Tax Act) shall be imposed by the Internal Revenue Code for any taxable year beginning after, or on any taxable event or for any period after, December 31, 2003.

Declares that any new Federal tax system should be: (1) simple and fair; (2) apply a low rate to all Americans; (3) provide tax relief for working Americans; (4) protect the rights of taxpayers and reduce tax collection abuses; (5) eliminate the bias against savings and investment; (6) promote economic growth and job creation; (7) not penalize marriage or families; and (8) receive congressional approval in its final form by July 4, 2003.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Crapo, Mike
Idaho · Mar 16, 1999
Cite this page click to expand
APA
U.S. Congress. (2026). S. 627: Tax Code Termination Act. 106th Congress. Open America. https://openamerica.io/bill/106-S-627/
MLA
"S. 627: Tax Code Termination Act." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-S-627/.
Bluebook (legal)
S. 627, 106th Cong. (2026), https://openamerica.io/bill/106-S-627/.
Markdown link
[S. 627: Tax Code Termination Act](https://openamerica.io/bill/106-S-627/)
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