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[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 462 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 462

            To terminate the Internal Revenue Code of 1986.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                            January 26, 2011

Mr. Goodlatte (for himself, Mr. Aderholt, Mr. Austria, Mr. Bachus, Mr. 
 Broun of Georgia, Mr. Burgess, Mr. Burton of Indiana, Mr. Carter, Mr. 
Chaffetz, Mr. Coffman of Colorado, Mr. Duncan of Tennessee, Mr. Forbes, 
  Mr. Gohmert, Mr. Graves of Missouri, Mr. Griffith of Virginia, Mr. 
  Hunter, Mr. Jones, Mr. King of Iowa, Mr. Kingston, Mr. Lamborn, Mr. 
Luetkemeyer, Mr. Manzullo, Mr. McClintock, Mr. McIntyre, Mrs. McMorris 
Rodgers, Mr. Gary G. Miller of California, Mr. Miller of Florida, Mrs. 
Myrick, Mr. Neugebauer, Mr. Pence, Mr. Pitts, Mr. Roe of Tennessee, Mr. 
Rogers of Alabama, Mr. Ross of Florida, Mr. Scalise, Mr. Sensenbrenner, 
Mr. Simpson, Mr. Terry, Mr. Thornberry, Mr. Westmoreland, Mr. Wittman, 
   and Mr. Young of Alaska) introduced the following bill; which was 
  referred 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

_______________________________________________________________________

                                 A BILL

 
            To terminate the Internal Revenue Code of 1986.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Tax Code Termination Act''.

SEC. 2. TERMINATION OF INTERNAL REVENUE CODE OF 1986.

    (a) In General.--No tax shall be imposed by the Internal Revenue 
Code of 1986--
            (1) for any taxable year beginning after December 31, 2015; 
        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, 2015.
    (b) Exception.--Subsection (a) shall not apply to taxes imposed 
by--
            (1) chapter 2 of such Code (relating to tax on self-
        employment income);
            (2) chapter 21 of such Code (relating to Federal Insurance 
        Contributions Act); and
            (3) chapter 22 of such Code (relating to Railroad 
        Retirement Tax Act).

SEC. 3. NEW FEDERAL TAX SYSTEM.

    (a) Structure.--The Congress hereby 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.
    (b) Timing of Implementation.--In order to ensure an easy 
transition and effective implementation, the Congress hereby declares 
that any new Federal tax system should be approved by Congress in its 
final form no later than July 4, 2015.

SEC. 4. DELAY OF TERMINATION DATES.

    (a) Two-Thirds Majority Required.--In the House of Representatives 
or the Senate, a bill or joint resolution, amendment, or conference 
report carrying a change of the dates specified in section 2(a) of this 
Act may not be considered as passed or agreed to unless so determined 
by a vote of not less than two-thirds of the Members voting, a quorum 
being present.
    (b) Rules of the Senate and House.--The provisions of subsection 
(a) are enacted by the Congress as an exercise of the rulemaking power 
of the House of Representatives and the Senate, respectively, and as 
such they shall be considered as part of the rules of each House, 
respectively, or of that House to which they specifically apply, and 
such rules shall supersede other rules only to the extent that they are 
inconsitent therewith.
                                 <all>
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