A bill to provide for the establishment of a commission to study revision of the Federal tax laws.

Summary

Establishes the Commission on Tax Revision pursuant to Congressional policy to provide a foundation for the comprehensive improvement of the Federal tax structure. Charges the Commission to study and investigate the provisions of the Internal Revenue Code of 1954 and other Federal laws related to taxation, giving particular attention to: (1) the extent to which taxation affects incentive to work and invest; (2) the burden of the different types of taxes on various levels of income; (3) the "erosion" of the tax base and loopholes in the tax laws; (4) the extent to which taxes should be earmarked; and (5) the desirability of using a flexible tax policy (e.g., delegating discretionary tax authority to the President of the United States) to promote economic growth and stability. Specifies various types of taxation which the Commission shall study . Sets forth provisions dealing with the membership, compensation, administration, and powers of the Commission. Requires the Commission to submit to Congress a detailed report of its findings. Provides for the termination of the Commission within 90 days after the submission of its report.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 23 April 1979

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.