HR 982 111th Congress House Taxation Economic performance and conditions Employment taxes Financial services and investments Income tax rates Legislative rules and procedure Tax administration and collection, taxpayers Tax reform and tax simplification Tax treatment of families

Tax Code Termination Act

Introduced: February 11, 2009 See on congress.gov

Everywhere this bill has been 5 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Feb 11, 2009

Referred to House Rules

Feb 11, 2009

Referred to the Committee on Ways and Means, and in addition to the Committee on Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Feb 11, 2009

Referred to House Ways and Means

Feb 11, 2009

Sponsor introductory remarks on measure. (CR H1204)

Feb 11, 2009

Introduced in House

Plain-English summary Congressional Research Service

Tax Code Termination Act - Terminates the Internal Revenue Code of 1986 after December 31, 2012, except for self-employment taxes, Federal Insurance Contributions Act taxes, and railroad retirement taxes. Requires a two-thirds majority vote in Congress to change such termination date.

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, 2012.

What's happening now February 11, 2009

Referred to House Rules

Committees of jurisdiction 2