3.0.0 2463 2023-01-15T04:49:08Z 2023-01-15T04:49:08Z Senate S S 2004-05-20 108 ssfi00 Finance Committee Senate Standing Referred to 2004-05-20T22:11:02Z 2004-05-20 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2004-05-20 Introduced in Senate IntroReferral 10000 9 Library of Congress B000953 Sen. Brownback, Sam [R-KS] SAM BROWNBACK R KS N C000286 Sen. Chambliss, Saxby [R-GA] SAXBY CHAMBLISS R GA 2004-05-20 True C000858 Sen. Craig, Larry E. [R-ID] LARRY CRAIG R ID EDWIN 2004-05-20 True C000880 Sen. Crapo, Mike [R-ID] Mike Crapo R ID 2004-05-20 True G000359 Sen. Graham, Lindsey [R-SC] Lindsey Graham R SC 2004-05-20 True I000024 Sen. Inhofe, James M. [R-OK] Jim Inhofe R OK 2004-05-20 True A000109 Sen. Allard, Wayne [R-CO] A. ALLARD R CO WAYNE 2004-05-21 False M001141 Sen. Miller, Zell [D-GA] ZELL MILLER D GA 2004-06-03 False Taxation Collection of accounts Economic growth Economics and Public Finance Families Finance and Financial Sector Income tax Job creation Labor and Employment Married people Saving and investment Social Welfare Social security taxes Tax rates Taxpayers Taxation 00 2004-05-20 Introduced in Senate 2004-07-14T20:15:09Z Tax Code Termination Act - Mandates the termination of 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.

]]> Tax Code Termination Act Display Title Tax Code Termination Act Official Title as Introduced A bill to terminate the Internal Revenue Code of 1986. Introduced in Senate IS Short Titles as Introduced Tax Code Termination Act Introduced in Senate 2004-05-20T04:00:00Z 2004-05-20 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.