To terminate the Internal Revenue Code of 1986.
USA115th CongressHR-29| House
| Updated: 1/3/2017
Bob Goodlatte
Republican Representative
Virginia
Cosponsors (52)
Lamar Smith (Republican)Paul A. Gosar (Republican)Mo Brooks (Republican)F. James Sensenbrenner (Republican)Tom Cole (Republican)Mark Meadows (Republican)Pete Olson (Republican)Alexander X. Mooney (Republican)John Ratcliffe (Republican)John Abney Culberson (Republican)Marsha Blackburn (Republican)Stevan Pearce (Republican)Tom McClintock (Republican)Jeff Duncan (Republican)Keith J. Rothfus (Republican)Earl L. "Buddy" Carter (Republican)Thomas A. Garrett (Republican)Mark Sanford (Republican)Ken Calvert (Republican)Thomas Massie (Republican)J. French Hill (Republican)David B. McKinley (Republican)Barry Loudermilk (Republican)Ralph Lee Abraham (Republican)Gus M. Bilirakis (Republican)Walter B. Jones (Republican)H. Morgan Griffith (Republican)Mario Diaz-Balart (Republican)David P. Joyce (Republican)Steve King (Republican)Ted Poe (Republican)Mike D. Rogers (Republican)Richard Hudson (Republican)Roger Williams (Republican)Will Hurd (Republican)Rob Woodall (Republican)Blaine Luetkemeyer (Republican)Jeb Hensarling (Republican)Raul R. Labrador (Republican)Dave Brat (Republican)Mike Bost (Republican)Diane Black (Republican)Bradley Byrne (Republican)Matt Gaetz (Republican)David A. Trott (Republican)George Holding (Republican)Ralph Norman (Republican)Trent Franks (Republican)Louie Gohmert (Republican)Ted Budd (Republican)Bill Johnson (Republican)David P. Roe (Republican)
Ways and Means Committee, Rules Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Tax Code Termination Act This bill terminates the Internal Revenue Code of 1986 after December 31, 2021, except for self-employment taxes, Federal Insurance Contributions Act (FICA) taxes, and railroad retirement taxes. A two-thirds majority vote in Congress is required to change such termination date. The bill 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. The new federal tax system must be approved by Congress in its final form by July 4, 2021.
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Timeline
Introduced in House
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.
Taxation
Economic performance and conditionsEmployment taxesFinancial services and investmentsIncome tax ratesLegislative rules and procedureTax administration and collection, taxpayersTax reform and tax simplificationTax treatment of families
To terminate the Internal Revenue Code of 1986.
USA115th CongressHR-29| House
| Updated: 1/3/2017
Tax Code Termination Act This bill terminates the Internal Revenue Code of 1986 after December 31, 2021, except for self-employment taxes, Federal Insurance Contributions Act (FICA) taxes, and railroad retirement taxes. A two-thirds majority vote in Congress is required to change such termination date. The bill 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. The new federal tax system must be approved by Congress in its final form by July 4, 2021.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
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.
Bob Goodlatte
Republican Representative
Virginia
Cosponsors (52)
Lamar Smith (Republican)Paul A. Gosar (Republican)Mo Brooks (Republican)F. James Sensenbrenner (Republican)Tom Cole (Republican)Mark Meadows (Republican)Pete Olson (Republican)Alexander X. Mooney (Republican)John Ratcliffe (Republican)John Abney Culberson (Republican)Marsha Blackburn (Republican)Stevan Pearce (Republican)Tom McClintock (Republican)Jeff Duncan (Republican)Keith J. Rothfus (Republican)Earl L. "Buddy" Carter (Republican)Thomas A. Garrett (Republican)Mark Sanford (Republican)Ken Calvert (Republican)Thomas Massie (Republican)J. French Hill (Republican)David B. McKinley (Republican)Barry Loudermilk (Republican)Ralph Lee Abraham (Republican)Gus M. Bilirakis (Republican)Walter B. Jones (Republican)H. Morgan Griffith (Republican)Mario Diaz-Balart (Republican)David P. Joyce (Republican)Steve King (Republican)Ted Poe (Republican)Mike D. Rogers (Republican)Richard Hudson (Republican)Roger Williams (Republican)Will Hurd (Republican)Rob Woodall (Republican)Blaine Luetkemeyer (Republican)Jeb Hensarling (Republican)Raul R. Labrador (Republican)Dave Brat (Republican)Mike Bost (Republican)Diane Black (Republican)Bradley Byrne (Republican)Matt Gaetz (Republican)David A. Trott (Republican)George Holding (Republican)Ralph Norman (Republican)Trent Franks (Republican)Louie Gohmert (Republican)Ted Budd (Republican)Bill Johnson (Republican)David P. Roe (Republican)
Ways and Means Committee, Rules Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Economic performance and conditionsEmployment taxesFinancial services and investmentsIncome tax ratesLegislative rules and procedureTax administration and collection, taxpayersTax reform and tax simplificationTax treatment of families