Tax Code Termination Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jan 23, 2013)
Tax Code Termination Act - Terminates the Internal Revenue Code of 1986 after December 31, 2017, except for self-employment taxes, Federal Insurance Contributions Act (FICA) 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, 2017.
What just happenedJan 23, 2013
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.
Who’s behind it
- Introduced in HouseJan 23, 2013
- Jan 23, 2013IntroReferralH11100
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.
- Jan 23, 2013IntroReferralH11100
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.
- Jan 23, 2013IntroReferralB00100
Sponsor introductory remarks on measure. (CR E50)
- Jan 23, 2013IntroReferralIntro-H
Introduced in House
- Jan 23, 2013IntroReferral1000
Introduced in House