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US HR631

US HR631
Death Tax Repeal Act of 2017


summary

Introduced
01/24/2017
In Committee
01/24/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

Death Tax Repeal Act of 2017 This bill amends the Internal Revenue Code to: (1) repeal the estate and generation-skipping transfer taxes, and (2) make permanent the maximum 35% gift tax rate and the lifetime gift tax exemption. The bill provides for an inflation adjustment to such exemption amount.

AI Summary

This bill repeals the estate and generation-skipping transfer taxes, commonly known as the "death tax". It also makes permanent the maximum 35% gift tax rate and the $5 million lifetime gift tax exemption (adjusted for inflation). The bill provides a transition rule to treat the year of enactment as two separate calendar years for the purposes of applying certain tax provisions related to gifts and the estate tax.

Committee Categories

Budget and Finance

Sponsors (103)

Kristi Noem (R)* Ralph Abraham (R),  Rick Allen (R),  Don Bacon (R),  Jim Banks (R),  Andy Barr (R),  Joe Barton (R),  Gus Bilirakis (R),  Sanford Bishop (D),  Mike Bost (R),  Dave Brat (R),  Ken Buck (R),  Ted Budd (R),  Ken Calvert (R),  Buddy Carter (R),  Liz Cheney (R),  Chris Collins (R),  James Comer (R),  Barbara Comstock (R),  Paul Cook (R),  Ryan Costello (R),  Rick Crawford (R),  Warren Davidson (R),  Jeff Denham (R),  Scott DesJarlais (R),  Sean Duffy (R),  Jeff Duncan (R),  Tom Emmer (R),  Ron Estes (R),  John Faso (R),  Drew Ferguson (R),  Brian Fitzpatrick (R),  Virginia Foxx (R),  Trent Franks (R),  Rodney Frelinghuysen (R),  Bob Gibbs (R),  Tom Graves (R),  Brett Guthrie (R),  Jeb Hensarling (R),  Jaime Herrera Beutler (R),  Jody Hice (R),  Clay Higgins (R),  French Hill (R),  Randy Hultgren (R),  Will Hurd (R),  Darrell Issa (R),  Lynn Jenkins (R),  Sam Johnson (R),  Jim Jordan (R),  Mike Kelly (R),  Trent Kelly (R),  Peter King (R),  Steve King (R),  Adam Kinzinger (R),  David Kustoff (R),  Darin LaHood (R),  Doug LaMalfa (R),  Leonard Lance (R),  Jason Lewis (R),  Frank LoBiondo (R),  Billy Long (R),  Roger Marshall (R),  Brian Mast (R),  Cathy McMorris Rodgers (R),  Martha McSally (R),  Luke Messer (R),  Paul Mitchell (I),  Dan Newhouse (R),  Devin Nunes (R),  Steven Palazzo (R),  Scott Perry (R),  Robert Pittenger (R),  Tom Reed (R),  James Renacci (R),  Martha Roby (R),  David Roe (R),  Mike Rogers (R),  Todd Rokita (R),  Thomas Rooney (R),  Dennis Ross (R),  Steve Russell (R),  Austin Scott (R),  Pete Sessions (R),  John Shimkus (R),  Mike Simpson (R),  Adrian Smith (R),  Jason Smith (R),  Lamar Smith (R),  Chris Stewart (R),  Steve Stivers (R),  Claudia Tenney (R),  G.T. Thompson (R),  Mike Turner (R),  David Valadao (R),  Tim Walberg (R),  Greg Walden (R),  Mark Walker (R),  Jackie Walorski (R),  Bruce Westerman (R),  Rob Wittman (R),  Ted Yoho (R),  David Young (R),  Don Young (R), 

Last Action

Referred to the House Committee on Ways and Means. (on 01/24/2017)

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