Tax Code Termination Act
Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.
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.
Referred to House Rules
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 982: Tax Code Termination Act. 111th Congress. Open America. https://openamerica.io/bill/111-HR-982/
"H.R. 982: Tax Code Termination Act." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-982/.
H.R. 982, 111th Cong. (2026), https://openamerica.io/bill/111-HR-982/.
[H.R. 982: Tax Code Termination Act](https://openamerica.io/bill/111-HR-982/)