HR 4725
109th Congress
House
Taxation
Collection of accounts
Commerce
Economic growth
Economics and Public Finance
Families
Finance and Financial Sector
Income tax
Internal revenue law
Job creation
Labor and Employment
Marriage
Saving and investment
Tax administration
Tax rates
Tax simplification
Taxpayers
Tax Code Termination Act
Introduced: February 8, 2006
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 8, 2006
Referred to the House Committee on Ways and Means.
Feb 8, 2006
Sponsor introductory remarks on measure. (CR E118)
Feb 8, 2006
Introduced in House
Plain-English summary
Tax Code Termination Act - Terminates the Internal Revenue Code of 1986 after December 31, 2009, except for self-employment taxes, Federal Insurance Contributions Act taxes, and Railroad Retirement taxes.
Declares that any new federal tax system should be a simple and fair system that: (1) applies a low rate to all Americans; (2) provides tax relief for working Americans; (3) protects the rights of taxpayers and reduces tax collection abuses; (4) eliminates the bias against savings and investment; (5) promotes economic growth and job creation; and (6) does not penalize marriage or families.
Requires that the new federal tax system be approved by Congress in its final form by July 4, 2009.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1