Bill115th CongressFiled Jan 24, 2017Taxation
S. 205
Death Tax Repeal Act of 2017
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Jan 24, 2017)
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 also provides for an inflation adjustment to such exemption amount.
What just happenedJan 24, 2017
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Thune, John [R-SD](R-SD)Sponsor
37 cosponsors37 R
37cosponsors1committees2actions4related bills2subjects
- Introduced in SenateJan 24, 2017
- Jan 24, 2017IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Jan 24, 2017IntroReferral10000
Introduced in Senate