summary
Introduced
01/03/2017
01/03/2017
In Committee
01/03/2017
01/03/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Farmers Against Crippling Taxes Act This bill repeals the federal estate, gift, and generation-skipping transfer taxes.
AI Summary
This bill, the Farmers Against Crippling Taxes Act, repeals the federal estate, gift, and generation-skipping transfer taxes. The bill eliminates these taxes, which are levied on the transfer of wealth from one generation to the next, effective for estates of decedents dying, gifts made, and generation-skipping transfers made after the date of the bill's enactment. This is intended to provide tax relief for farmers and other individuals with valuable assets that may be subject to these federal taxes upon their death or transfer of wealth to their heirs.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Referred to the House Committee on Ways and Means. (on 01/03/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/house-bill/30/all-info |
| BillText | https://www.congress.gov/115/bills/hr30/BILLS-115hr30ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr30/BILLS-115hr30ih.pdf.pdf |
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