Bill > S205

Introduced Session

Death Tax Repeal Act of 2017 7 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 also provides for an inflation adjustment to such exemption amount.

AI Summary

Committee Categories

John Thune (R)*,  Lamar Alexander (R),  John Barrasso (R),  Roy Blunt (R),  John Boozman (R),  Thad Cochran (R),  John Cornyn (R),  Tom Cotton (R),  Mike Crapo (R),  Ted Cruz (R),  Steve Daines (R),  Michael Enzi (R),  Joni Ernst (R),  Deb Fischer (R),  Jeff Flake (R),  Cory Gardner (R),  Chuck Grassley (R),  Dean Heller (R),  John Hoeven (R),  Cindy Hyde-Smith (R),  James Inhofe (R),  Johnny Isakson (R),  Ron Johnson (R),  John Neely Kennedy (R),  Mike Lee (R),  Mitch McConnell (R),  Jerry Moran (R),  David Perdue (R),  Jim Risch (R),  Pat Roberts (R),  Mike Rounds (R),  Marco Rubio (R),  Tim Scott (R),  Richard Shelby (R),  Luther Strange (R),  Thom Tillis (R),  Roger Wicker (R),  Todd Young (R), 

Read twice and referred to the Committee on Finance. (on 01/24/2017)

Official Document