Title I — Repeal of the Income Tax, Payroll Taxes, and Estate and Gift Taxes

H.R. 25 · 113th Congress · Jan 3, 2013 · Lineage

I Repeal of the Income Tax, Payroll Taxes, and Estate and Gift Taxes

Sec. 101 Income taxes repealed

Subtitle A of the Internal Revenue Code of 1986 (relating to income taxes and self-employment taxes) is repealed.

Sec. 102 Payroll taxes repealed

(a)

In General— Subtitle C of the Internal Revenue Code of 1986 (relating to payroll taxes and withholding of income taxes) is repealed.

(b)

Funding of Social Security— For funding of the Social Security Trust Funds from general revenue, see section 201 of the Social Security Act (42 U.S.C. 401).

Sec. 103 Estate and gift taxes repealed

Subtitle B of the Internal Revenue Code of 1986 (relating to estate and gift taxes) is repealed.

Sec. 104 Conforming amendments; effective date

(a)

Conforming Amendments— The Internal Revenue Code of 1986 is amended—

(1)

by striking subtitle H (relating to financing of Presidential election campaigns), and

(2)

by redesignating—

(A)

subtitle D (relating to miscellaneous excise taxes) as subtitle B,

(B)

subtitle E (relating to alcohol, tobacco, and certain other excise taxes) as subtitle C,

(C)

subtitle F (relating to procedure and administration) as subtitle D,

(D)

subtitle G (relating to the Joint Committee on Taxation) as subtitle E,

(E)

subtitle I (relating to the Trust Fund Code) as subtitle F,

(F)

subtitle J (relating to coal industry health benefits) as subtitle G, and

(G)

subtitle K (relating to group health plan portability, access, and renewability requirements) as subtitle H.

(b)

Redesignation of 1986 Code—

(1)

In general— The Internal Revenue Code of 1986 enacted on October 22, 1986, as heretofore, hereby, or hereafter amended, may be cited as the Internal Revenue Code of 2013.

(2)

References in laws, etc— Except when inappropriate, any reference in any law, Executive order, or other document—

(A)

to the Internal Revenue Code of 1986 shall include a reference to the Internal Revenue Code of 2013, and

(B)

to the Internal Revenue Code of 2013 shall include a reference to the provisions of law formerly known as the Internal Revenue Code of 1986.

(c)

Additional Amendments— For additional conforming amendments, see section 202 of this Act.

(d)

Effective Date— Except as otherwise provided in this Act, the amendments made by this Act shall take effect on January 1, 2015.

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Jan 3, 2013viewing Introduced in House Mr. Woodall (for himself, Mr. Price of Georgia, Mr. Duncan of South Carolina, Mr. King of Iowa, Mr. Conaway, Mr. Brooks of Alabama, Mr. Brady of Texas, Mr. Westmoreland, Mr. Gingrey of Georgia, Mr. McCaul, Mr. Pearce, Mr. Long, Ms. Foxx, Mr. Young of Alaska, Mr. Graves of Georgia, Mr. Collins of Georgia, Mr. Bishop of Utah, Mr. Flores, Mr. Thornberry, Mr. Broun of Georgia, Mr. Walberg, Mr. Olson, Mr. Nugent, Mr. Culberson, Mr. Roe of Tennessee, Mr. Lankford, Mr. Posey, Mr. Benishek, Mr. Harris, Mr. Hensarling, Mr. Ross, Mr. Huelskamp, Mr. Franks of Arizona, Mr. Mica, Mr. Stutzman, Mr. McClintock, Mr. Carter, Mr. Duncan of Tennessee, Mr. Bonner, Mr. Crenshaw, Mr. Issa, Ms. Jenkins, Mr. Kingston, Mr. Lucas, Mr. Pompeo, Mr. Bilirakis, Mr. Neugebauer, Mr. Poe of Texas, Mr. Farenthold, Ms. Granger, Mr. Rigell, Mr. Hall, Mr. Miller of Florida, and Mr. Hunter) introduced the following bill; which was referred to the Committee on Ways and Means