H.R. 2714

Date Certain Tax Code Replacement Act To Terminate the Internal Revenue Code of 1986

Sponsor: Rep Largent,Steve(introduced 8/2/2001)

Latest Major Action: 8/2/2001 Referred to House committee

TITLE(S):  

SHORT TITLE(S) AS INTRODUCED: Date Certain Tax Code Replacement Act

OFFICIAL TITLE AS INTRODUCED: To terminate the Internal Revenue Code of 1986.
(Emphasis added not in original text)

STATUS:

8/2/2001: Referred to the House Committee on Ways and Means.

SUMMARY AS OF:
8/2/2001--Introduced.

Date Certain Tax Code Replacement Act - Prohibits the imposition of any tax by the Internal Revenue Code: (1) for any taxable year beginning after December 31, 2005; 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, 2005.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).

Establishes the National Commission on Tax Reform and Simplification to review: (1) the present structure and provisions of the Code; (2) whether the tax systems of other countries could provide more efficient and fair methods of funding government revenue requirements; (3) whether the income tax should be replaced with a tax imposed in a different manner or on a different base; and (4) whether the Code can be simplified, absent wholesale restructuring or replacement.Requires a Commission report to Congress on review results, with recommendations for Code reform and simplification.Terminates the Commission 90 days after such report.

Authorizes appropriations (with interim funding).

Declares that any new Federal tax system should be approved by Congress in its final form before July 4, 2005, and, if not, Congress should be required to vote to reauthorize the Code.

COSPONSORS (69):

Rep Akin, W. Todd - 8/2/2001
Rep Armey, Richard K. - 8/2/2001
Rep Barr, Bob - 8/2/2001
Rep Bartlett, Roscoe G. - 8/2/2001
Rep Barton, Joe - 8/2/2001
Rep Blunt, Roy - 8/2/2001
Rep Brady, Kevin - 8/2/2001
Rep Bryant, Ed - 8/2/2001
Rep Burr, Richard - 8/2/2001
Rep Burton, Dan - 8/2/2001
Rep Buyer, Steve E. - 8/2/2001
Rep Camp, Dave - 8/2/2001
Rep Cannon, Chris - 9/12/2001
Rep Cantor, Eric - 8/2/2001
Rep Cooksey, John - 8/2/2001
Rep Cox, Christopher - 8/2/2001
Rep Crenshaw, Ander - 8/2/2001
Rep Cubin, Barbara - 8/2/2001
Rep Culberson, John Abney - 8/2/2001
Rep Deal, Nathan - 8/2/2001
Rep DeLay, Tom - 8/2/2001
Rep DeMint, Jim - 8/2/2001
Rep Dunn, Jennifer - 8/2/2001
Rep Emerson, Jo Ann - 8/2/2001
Rep Everett, Terry - 8/2/2001
Rep Fossella, Vito - 8/2/2001
Rep Gibbons, Jim - 8/2/2001
Rep Gillmor, Paul E. - 8/2/2001
Rep Goode, Virgil H., Jr. - 8/2/2001
Rep Goodlatte, Bob - 8/2/2001
Rep Graham, Lindsey O. - 8/2/2001
Rep Green, Mark - 8/2/2001
Rep Hall, Ralph M. - 8/2/2001
Rep Hefley, Joel - 8/2/2001
Rep Herger, Wally - 8/2/2001
Rep Hilleary, Van - 8/2/2001
Rep Isakson, Johnny - 8/2/2001
Rep Johnson, Sam - 8/2/2001
Rep Jones, Walter B., Jr. - 8/2/2001
Rep Keller, Ric - 8/2/2001
Rep Kerns, Brian D. - 8/2/2001
Rep Knollenberg, Joe - 8/2/2001
Rep Linder, John - 9/12/2001
Rep Lucas, Frank D. - 8/2/2001
Rep Manzullo, Donald A. - 9/12/2001
Rep Mica, John L. - 8/2/2001
Rep Otter, C. L. (Butch) - 8/2/2001
Rep Oxley, Michael G. - 8/2/2001
Rep Portman, Rob - 8/2/2001
Rep Reynolds, Thomas M. - 8/2/2001
Rep Roukema, Marge - 8/2/2001
Rep Schaffer, Bob - 8/2/2001
Rep Sensenbrenner, F. James, Jr. - 8/2/2001
Rep Sessions, Pete - 8/2/2001
Rep Shimkus, John - 8/2/2001
Rep Souder, Mark E. - 8/2/2001
Rep Stearns, Cliff - 8/2/2001
Rep Sununu, John E. - 8/2/2001
Rep Sweeney, John E. - 8/2/2001
Rep Tancredo, Thomas G. - 8/2/2001
Rep Tauzin, W. J. (Billy) - 8/2/2001
Rep Terry, Lee - 8/2/2001
Rep Thornberry, William (Mac) - 8/2/2001
Rep Tiahrt, Todd - 8/2/2001
Rep Tiberi, Patrick J. - 8/2/2001
Rep Toomey, Patrick J. - 9/12/2001
Rep Vitter, David - 8/2/2001
Rep Wamp, Zach - 8/2/2001
Rep Weldon, Dave - 8/2/2001