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US S215

US S215
Death Tax Repeal Act of 2019


summary

Introduced
01/24/2019
In Committee
01/24/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

A bill to amend the Internal Revenue Code of 1986 to repeal the estate and generation-skipping transfer taxes, and for other purposes. This bill repeals the estate and generation-skipping transfer taxes. It also makes conforming amendments related to the gift tax.

AI Summary

This bill repeals the estate and generation-skipping transfer taxes, which are commonly referred to as the "death tax." It also makes conforming amendments to the gift tax, including increasing the lifetime gift tax exemption to $10 million (adjusted for inflation). The bill applies to the estates of decedents dying and generation-skipping transfers occurring after the date of enactment.

Committee Categories

Budget and Finance

Sponsors (36)

Last Action

Read twice and referred to the Committee on Finance. (on 01/24/2019)

bill text


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