PlainBillCongress, translated.Legislation. Context. Public interest.Read twice and referred, under authority of the order of the Senate of Jan. 18, 2006, to the Committee on Finance.
Congressional Research Service
Version 00 · Introduced in Senate · Jan 20, 2006
Tax Code Termination Act - Terminates the Internal Revenue Code of 1986 for taxable years beginning after 2008, except provisions of such Code relating to social security taxation (i.e., taxes on wage, self-employment, and railroad retirement income).
Establishes within the legislative branch a National Commission on Tax Reform and Simplification. Directs the Commission to: (1) review the Internal Revenue Code of 1986 and its impact on the economy, families, and the workforce: (2) determine whether the current income tax system can be replaced by more a more efficient and fair system of taxation; and (3) submit a report to Congress on the results of its review with recommendations for fundamental reform and simplification of the Code.
Requires congressional approval of a new federal tax system no later than July 4, 2008, or a vote of Congress to reauthorize the Internal Revenue Code of 1986.
People & committees
Sen. Isakson, Johnny [R-GA] · R–GA
Legislative record
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Read twice and referred, under authority of the order of the Senate of Jan. 18, 2006, to the Committee on Finance.
Introduced in Senate
Primary sources
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Source last updated: Dec 5, 2025. Consult Congress.gov for the current record.
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