Tax Code Termination Act
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Tax Code Termination Act - Terminates the Internal Revenue Code of 1986 for taxable years beginning after 2008, except provisions of such Code relating to social security taxation (i.e., taxes on wage, self-employment, and railroad retirement income).
Establishes within the legislative branch a National Commission on Tax Reform and Simplification. Directs the Commission to: (1) review the Internal Revenue Code of 1986 and its impact on the economy, families, and the workforce: (2) determine whether the current income tax system can be replaced by more a more efficient and fair system of taxation; and (3) submit a report to Congress on the results of its review with recommendations for fundamental reform and simplification of the Code.
Requires congressional approval of a new federal tax system no later than July 4, 2008, or a vote of Congress to reauthorize the Internal Revenue Code of 1986.
Read twice and referred, under authority of the order of the Senate of Jan. 18, 2006, to the Committee on Finance.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 2182: Tax Code Termination Act. 109th Congress. Open America. https://openamerica.io/bill/109-S-2182/
"S. 2182: Tax Code Termination Act." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-S-2182/.
S. 2182, 109th Cong. (2026), https://openamerica.io/bill/109-S-2182/.
[S. 2182: Tax Code Termination Act](https://openamerica.io/bill/109-S-2182/)