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

Establishes a Commission on Tax Revision to study and investigate the provisions of the Internal Revenue Code and other laws of the United States relating to taxation and revenue, the administration of such provisions, the effect thereof upon the fiscal soundness of the Federal Government, and upon taxpayers of all types, in order to determine what changes in such provisions and other laws are necessary to improve the Federal tax structure. Specifies general policy problems and specific items of the tax structure to be studied. Requires the submission of a detailed report of its findings and recommendations to Congress.