Expressing the sense of the Congress regarding the need for increased diversity and inclusion in the tech sector, and increased access to opportunity in science, technology, engineering, arts, and mathematics (STEAM) education.
- Last Action
- 2/16/2017
Actions
- 2017-01-03Referred 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.
- 2017-01-03Referred 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.
- 2017-01-03Referred 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.
- 2017-01-03Introduced in House
- 2017-01-03Introduced in House
CRS Summary
As of 2017-01-03 (00)
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.
Cosponsors (20)
- Stevan Pearce (R-NM)
- Mike Bost (R-IL)
- Steve King (R-IA)
- Mark Sanford (R-SC)
- Jeff Duncan (R-SC)
- Mark Meadows (R-NC)
- Paul Gosar (R-AZ)
- Marsha Blackburn (R-TN)
- JOHN CULBERSON (R-TX)
- Earl Carter (R-GA)
- Mike Rogers (R-AL)
- Ralph Abraham (R-LA)
- Trent Franks (R-AZ)
- J. Hill (R-AR)
- Barry Loudermilk (R-GA)
- Louie Gohmert (R-TX)
- Bradley Byrne (R-AL)
- David Roe (R-TN)
- H. Griffith (R-VA)
- Dave Brat (R-VA)
Subjects
- Economic performance and conditions
- Employment taxes
- Financial services and investments
- Income tax rates
- Legislative rules and procedure
- Tax administration and collection, taxpayers
- Tax reform and tax simplification
- Tax treatment of families
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.