The President's Advisory Panel on Tax Reform-- the nine-member group charged with exploring a variety of options to reform the massive tax code -- said it would submit its final report to the administration by the end of October.

The panel was scheduled to submit its finding at the end of September, however that date was pushed back as a result of Hurricane Katrina.

According to reports, once the recommendations are submitted to the Bush administration, the President will probably propose any changes to the IRC during his January 2006 State of the Union Address.

Panel vice chair john Breaux and Connie Mack were quoted as saying the nine members are fairly close to a unanimous agreement on the findings.

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