summary
Introduced
01/24/2019
01/24/2019
In Committee
01/24/2019
01/24/2019
Crossed Over
Passed
Dead
12/31/2020
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)
John Thune (R)*,
Lamar Alexander (R),
John Barrasso (R),
Marsha Blackburn (R),
Roy Blunt (R),
John Boozman (R),
Mike Braun (R),
John Cornyn (R),
Tom Cotton (R),
Kevin Cramer (R),
Mike Crapo (R),
Ted Cruz (R),
Steve Daines (R),
Joni Ernst (R),
Deb Fischer (R),
Cory Gardner (R),
Chuck Grassley (R),
Josh Hawley (R),
John Hoeven (R),
Cindy Hyde-Smith (R),
James Inhofe (R),
Johnny Isakson (R),
John Neely Kennedy (R),
Kelly Loeffler (R),
Mitch McConnell (R),
Martha McSally (R),
Jerry Moran (R),
David Perdue (R),
Jim Risch (R),
Pat Roberts (R),
Mike Rounds (R),
Marco Rubio (R),
Rick Scott (R),
Richard Shelby (R),
Roger Wicker (R),
Todd Young (R),
Last Action
Read twice and referred to the Committee on Finance. (on 01/24/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/senate-bill/215/all-info | 01/25/2019 |
| BillText | https://www.congress.gov/116/bills/s215/BILLS-116s215is.pdf | 02/06/2019 |
| Bill | https://www.congress.gov/116/bills/s215/BILLS-116s215is.pdf.pdf | 02/06/2019 |
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