All Information (Except Text) for S.1673 - Tax Code Termination Act105th Congress (1997-1998)
|Sponsor:||Sen. Hutchinson, Tim [R-AR] (Introduced 02/25/1998)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 02/25/1998 Referred to the Committee on Finance. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
There is 1 version of this bill. View text
Click the check-box to add or remove the section, click the text link to scroll to that section.
Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Actions Overview (1)
|02/25/1998||Introduced in Senate|
02/25/1998 Introduced in Senate
All Actions (2)
|02/25/1998||Referred to the Committee on Finance.|
Action By: Senate
|02/25/1998||Sponsor introductory remarks on measure. (CR S1003-1004)|
Action By: Senate
02/25/1998 Referred to the Committee on Finance.
02/25/1998 Sponsor introductory remarks on measure. (CR S1003-1004)
|Committee / Subcommittee||Date||Activity||Reports|
|Senate Finance||02/25/1998||Referred to|
Subject — Policy Area:
One Policy Area term, which best describes an entire measure, is assigned to every public bill or resolution.
Latest Summary (1)
Introduced in Senate (02/25/1998)
Tax Code Termination Act - Prohibits the imposition of any tax by the Internal Revenue Code: (1) for any taxable year beginning after December 31, 2001; and (2) in the case of any tax not imposed on the basis of a taxable year, on any taxable event or for any period after December 31, 2001. Excepts the: (1) tax on self-employment income (chapter 2 of the Code); (2) Federal Insurance Contributions Act (chapter 21 of the Code); and (3) Railroad Retirement Tax Act (chapter 22 of the Code).
Declares that any new Federal tax system should be a simple and fair system.