Tax Code Termination Act
Official title: A bill to terminate the Internal Revenue Code of 1986, and for other purposes.
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Read twice and referred to the Committee on Finance.
Tax Code Termination Act - Terminates the Internal Revenue Code of 1986 for taxable years beginning after 2013, 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 should be replaced with a flat tax, a national sales tax, or another system, or can be simplified; 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, 2013, or a vote of Congress to reauthorize the Internal Revenue Code of 1986.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 3047: Tax Code Termination Act. 111th Congress. Open America. https://openamerica.io/bill/111-S-3047/
"S. 3047: Tax Code Termination Act." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-3047/.
S. 3047, 111th Cong. (2026), https://openamerica.io/bill/111-S-3047/.
[S. 3047: Tax Code Termination Act](https://openamerica.io/bill/111-S-3047/)