H.R. 4725 (109th): Tax Code Termination Act

Introduced:
Feb 08, 2006 (109th Congress, 2005–2006)
Sponsor:
Rep. Bob Goodlatte [R-VA6]
Status:
Died (Referred to Committee)
See Instead:
This bill was re-introduced as H.R. 510 (110th) on Jan 17, 2007.

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on February 8, 2006, in a previous session of Congress, but was not enacted.

Progress
Introduced Feb 08, 2006
Cosponsors
83 cosponsors (81R, 2D) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

To terminate the Internal Revenue Code of 1986.

Summary

No summaries available.

Text

Read Bill Text »

Last updated Feb 08, 2006.
3 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

2/8/2006--Introduced.
Tax Code Termination Act - Terminates the Internal Revenue Code of 1986 after December 31, 2009, except for self-employment taxes, Federal Insurance Contributions Act taxes, and Railroad Retirement taxes. 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, 2009.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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