Internal Revenue Service Oversight and Restructuring and the Tax Code Elimination Act of 1997

Summary

Internal Revenue Service Oversight and Restructuring and the Tax Code Elimination Act of 1997 - Amends the Internal Revenue Code (IRC) to establish within the Department of the Treasury the Internal Revenue Service Oversight Board which shall be composed of nine members, appointed by the President, who are not Federal employees. Directs the Board, generally, to oversee the Internal Revenue Service (IRS) in its administration and conduct of the execution and application of the internal revenue laws and tax conventions. Sets forth specific responsibilities. (Sec. 3) Reestablishes the: (1) Commissioner of Internal Revenue who shall serve a five-year term; (2) Office of Employee Plans and Exempt Organizations; and (3) Office of the Taxpayer Advocate. Revises the duties of such offices. (Sec. 4) Repeals current provisions concerning reorganization plans. Revises current provisions concerning other personnel. (Sec. 5) Makes it unlawful for any applicable person to request any officer or employee of the IRS to conduct or terminate an audit or other investigation of any particular taxpayer with respect to the liability of such taxpayer. Defines an applicable person as any: (1) executive branch employee (including the President); and (2) individual serving in a Level I Executive Schedule position (other than the Attorney General). (Sec. 6) Provides for the termination of the IRC (beginning January 1, 2001) and the IRS (beginning October 1, 2001). (Sec. 7) Sets forth declarations concerning any new Federal tax system.

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Timeline

1. 13 November 1997

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 13 November 1997

   Introduced

   Sponsor introductory remarks on measure. (CR S12599-12600)

   Source: IntroReferral

3. 13 November 1997

   Introduced

   Introduced in Senate

   Source: IntroReferral

4. 20 November 1997

   Floor

   Star Print ordered on the bill.

   Source: Floor

5. 2 April 1998

   Introduced

   Sponsor introductory remarks on measure. (CR S3117-3118)

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 13 November 1997 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 13 November 1997

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 13 November 1997

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 13 November 1997

  Open at official source

Sponsors

• Sen. Faircloth, Lauch [R-NC] · R · Sponsor
• · ssfi00 · Standing

Related records

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