summary
Introduced
03/09/2021
03/09/2021
In Committee
03/09/2021
03/09/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to repeal the estate and generation-skipping transfer taxes.
AI Summary
This bill, known as the Death Tax Repeal Act, aims to amend the Internal Revenue Code to repeal the estate and generation-skipping transfer taxes. The key provisions include:
1. Termination of the estate tax for the estates of decedents dying on or after the date of enactment, with certain exceptions for distributions from qualified domestic trusts.
2. Termination of the generation-skipping transfer tax on or after the date of enactment.
3. Modifications to the computation of the gift tax, including changes to the lifetime gift exemption and the introduction of an inflation adjustment.
4. The amendments made by this bill will apply to estates of decedents dying, generation-skipping transfers, and gifts made on or after the date of enactment.
5. The bill includes a transition rule to ensure the proper application of certain tax provisions during the calendar year in which the Act is enacted.
Committee Categories
Budget and Finance
Sponsors (156)
Jason Smith (R)*,
Robert Aderholt (R),
Rick Allen (R),
Kelly Armstrong (R),
Jodey Arrington (R),
Don Bacon (R),
Jim Baird (R),
Troy Balderson (R),
Jim Banks (R),
Andy Barr (R),
Stephanie Bice (R),
Andy Biggs (R),
Gus Bilirakis (R),
Dan Bishop (R),
Sanford Bishop (D),
Mike Bost (R),
Mo Brooks (R),
Vern Buchanan (R),
Ken Buck (R),
Larry Bucshon (R),
Ted Budd (R),
Tim Burchett (R),
Ken Calvert (R),
Kat Cammack (R),
Jerry Carl (R),
Buddy Carter (R),
David Cawthorn (R),
Liz Cheney (R),
Ben Cline (R),
Michael Cloud (R),
James Comer (R),
Rick Crawford (R),
Dan Crenshaw (R),
John Curtis (R),
Warren Davidson (R),
Rodney Davis (R),
Scott DesJarlais (R),
Jeff Duncan (R),
Jake Ellzey (R),
Tom Emmer (R),
Randy Feenstra (R),
Drew Ferguson (R),
Michelle Fischbach (R),
Scott Fitzgerald (R),
Chuck Fleischmann (R),
Virginia Foxx (R),
Scott Franklin (R),
Russ Fulcher (R),
Matt Gaetz (R),
Andrew Garbarino (R),
Mike Garcia (R),
Bob Gibbs (R),
Carlos Giménez (R),
Tony Gonzales (R),
Bob Good (R),
Lance Gooden (R),
Paul Gosar (R),
Sam Graves (R),
Mark Green (R),
Morgan Griffith (R),
Michael Guest (R),
Brett Guthrie (R),
James Hagedorn (R),
Andy Harris (R),
Diana Harshbarger (R),
Vicky Hartzler (R),
Kevin Hern (R),
Yvette Herrell (R),
Jaime Herrera Beutler (R),
Jody Hice (R),
Clay Higgins (R),
French Hill (R),
Ashley Hinson (R),
Richard Hudson (R),
Bill Huizenga (R),
Darrell Issa (R),
Ronny Jackson (R),
Christopher Jacobs (R),
Bill Johnson (R),
Mike Johnson (R),
Jim Jordan (R),
John Joyce (R),
John Katko (R),
Fred Keller (R),
Mike Kelly (R),
Trent Kelly (R),
Adam Kinzinger (R),
David Kustoff (R),
Darin LaHood (R),
Doug LaMalfa (R),
Doug Lamborn (R),
Bob Latta (R),
Debbie Lesko (R),
Billy Long (R),
Frank Lucas (R),
Blaine Luetkemeyer (R),
Nancy Mace (R),
Tracey Mann (R),
Brian Mast (R),
Michael McCaul (R),
Lisa McClain (R),
Tom McClintock (R),
Cathy McMorris Rodgers (R),
Carol Miller (R),
Mary Miller (R),
Mariannette Miller-Meeks (R),
John Moolenaar (R),
Barry Moore (R),
Markwayne Mullin (R),
Greg Murphy (R),
Troy Nehls (R),
Dan Newhouse (R),
Ralph Norman (R),
Devin Nunes (R),
Burgess Owens (R),
Gary Palmer (R),
Greg Pence (R),
Scott Perry (R),
August Pfluger (R),
Guy Reschenthaler (R),
Mike Rogers (R),
John Rose (R),
Matt Rosendale (R),
David Rouzer (R),
Chip Roy (R),
Austin Scott (R),
Pete Sessions (R),
Mike Simpson (R),
Adrian Smith (R),
Lloyd Smucker (R),
Victoria Spartz (R),
Pete Stauber (R),
Michelle Steel (R),
Elise Stefanik (R),
Bryan Steil (R),
Greg Steube (R),
Chris Stewart (R),
Steve Stivers (R),
Van Taylor (R),
Claudia Tenney (R),
G.T. Thompson (R),
Tom Tiffany (R),
Mike Turner (R),
David Valadao (R),
Jeff Van Drew (R),
Beth Van Duyne (R),
Ann Wagner (R),
Tim Walberg (R),
Jackie Walorski (R),
Randy Weber (R),
Bruce Westerman (R),
Roger Williams (R),
Joe Wilson (R),
Rob Wittman (R),
Steve Womack (R),
Don Young (R),
Last Action
Referred to the House Committee on Ways and Means. (on 03/09/2021)
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/117th-congress/house-bill/1712/all-info | 03/10/2021 |
| BillText | https://www.congress.gov/117/bills/hr1712/BILLS-117hr1712ih.pdf | 04/29/2021 |
| Bill | https://www.congress.gov/117/bills/hr1712/BILLS-117hr1712ih.pdf.pdf | 04/29/2021 |
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