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Bill114th CongressFiled Feb 26, 2015Taxation
H.R. 1105

Death Tax Repeal Act of 2015

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary passed house amended (Apr 16, 2015)

Death Tax Repeal Act of 2015

(Sec. 2) This bill amends the Internal Revenue Code to repeal the estate and generation-skipping transfer taxes for estates of decedents dying or for transfers made on or after the enactment date of this Act. In the case of assets placed in a qualified domestic trust by a decedent who dies prior to the enactment of this Act, the current estate tax will not apply to: (1) distributions from such trust before the death of a surviving spouse made more than 10 years after the enactment date of this Act, and (2) assets remaining in such trust upon the death of the surviving spouse.

(Sec. 3) This section revises gift tax rates to lower the top rate to 35% and deems a transfer in trust to be a taxable gift unless the trust is treated as wholly-owned by the donor or the donor's spouse.

The lifetime exemption for gifts is set at $5 million with a cost-of-living adjustment for calendar years beginning after 2011. The adjusted exemption amount in 2015 is $5.43 million.

(Sec. 4) The budgetary effects of this Act are exempted from entry on either PAYGO scorecard maintained under the Statutory Pay-As-You-Go Act of 2010.

What just happenedApr 20, 2015

Received in the Senate.

Who’s behind it

Rep. Brady, Kevin [R-TX-8](R-TX)Sponsor
135 cosponsors1 D134 R
Read on Congress.gov
135cosponsors1committees22actions1amendments4related bills2subjects
  1. Apr 20, 2015IntroReferral

    Received in the Senate.

  2. Apr 16, 2015FloorH37100

    On passage Passed by recorded vote: 240 - 179 (Roll no. 161). (text: CR H2275-2276)

  3. Apr 16, 2015FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  4. Apr 16, 2015Floor8000

    Passed/agreed to in House: On passage Passed by recorded vote: 240 - 179 (Roll no. 161).(text: CR H2275-2276)

  5. Apr 16, 2015FloorH36110

    On motion to recommit with instructions Failed by the Yeas and Nays: 186 - 232 (Roll no. 160). (consideration: CR H2290-2291)

    Ways and Means Committee
  6. Apr 16, 2015FloorH30000

    Considered as unfinished business. (consideration: CR H2290-2292)

  7. Apr 16, 2015FloorH8D000

    POSTPONED PROCEEDINGS - At the conclusion of debate on the motion to recommit with instructions, the Chair put the question on adopting the motion and by voice vote, announced that the noes had prevailed. Mr. Nolan demanded the yeas and nays and pursuant to the order of the House of today, the Chair postponed further proceedings on the question of adoption until a time to be announced.

  8. Apr 16, 2015FloorH8A000

    The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H2286)

  9. Apr 16, 2015FloorH8D000

    DEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions, pending a reservation of a point of order. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to add a section at the end of the bill titled Benefits Disallowed in Cases of Gift and Estate Tax Evasion. Subsequently, the reservation of a point of order was withdrawn.

  10. Apr 16, 2015FloorH36100

    Mr. Nolan moved to recommit with instructions to the Committee on Ways and Means. (consideration: CR H2285-2286; text: CR H2285)

    Ways and Means Committee
  11. Apr 16, 2015FloorH35000

    The previous question was ordered pursuant to the rule. (consideration: CR H2285)

  12. Apr 16, 2015FloorH8D000

    DEBATE - The House proceeded with one hour of debate on H.R. 1105.

  13. Apr 16, 2015FloorH8D000

    This resolution provides for consideration of H.R. 622, H.R. 1105, and H.R. 1195.

  14. Apr 16, 2015FloorH30000

    Considered under the provisions of rule H. Res. 200. (consideration: CR H2275-2286)

  15. Apr 6, 2015CalendarsH12410

    Placed on the Union Calendar, Calendar No. 33.

  16. Apr 6, 2015CommitteeH12200

    Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-52.

    Ways and Means Committee
  17. Apr 6, 2015Committee5000

    Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-52.

    Ways and Means Committee
  18. Mar 25, 2015Committee

    Ordered to be Reported (Amended) by the Yeas and Nays: 22 - 10.

    Ways and Means Committee
  19. Mar 25, 2015Committee

    Committee Consideration and Mark-up Session Held.

    Ways and Means Committee
  20. Feb 26, 2015IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  21. Feb 26, 2015IntroReferralIntro-H

    Introduced in House

  22. Feb 26, 2015IntroReferral1000

    Introduced in House

Passed House amendedApr 16, 201536

Death Tax Repeal Act of 2015

(Sec. 2) This bill amends the Internal Revenue Code to repeal the estate and generation-skipping transfer taxes for estates of decedents dying or for transfers made on or after the enactment date of this Act. In the case of assets placed in a qualified domestic trust by a decedent who dies prior to the enactment of this Act, the current estate tax will not apply to: (1) distributions from such trust before the death of a surviving spouse made more than 10 years after the enactment date of this Act, and (2) assets remaining in such trust upon the death of the surviving spouse.

(Sec. 3) This section revises gift tax rates to lower the top rate to 35% and deems a transfer in trust to be a taxable gift unless the trust is treated as wholly-owned by the donor or the donor's spouse.

The lifetime exemption for gifts is set at $5 million with a cost-of-living adjustment for calendar years beginning after 2011. The adjusted exemption amount in 2015 is $5.43 million.

(Sec. 4) The budgetary effects of this Act are exempted from entry on either PAYGO scorecard maintained under the Statutory Pay-As-You-Go Act of 2010.

Reported to House with amendment(s)Apr 6, 201517

Death Tax Repeal Act of 2015

(Sec. 2) This bill amends the Internal Revenue Code to repeal the estate and generation-skipping transfer taxes for estates of decedents dying or for transfers made on or after the enactment date of this Act. In the case of assets placed in a qualified domestic trust by a decedent who dies prior to the enactment of this Act, the current estate tax will not apply to: (1) distributions from such trust before the death of a surviving spouse made more than 10 years after the enactment date of this Act, and (2) assets remaining in such trust upon the death of the surviving spouse.

(Sec. 3) This section revises gift tax rates to lower the top rate to 35% and deems a transfer in trust to be a taxable gift unless the trust is treated as wholly-owned by the donor or the donor's spouse.

The lifetime exemption for gifts is set at $5 million with a cost-of-living adjustment for calendar years beginning after 2011. The adjusted exemption amount in 2015 is $5.43 million.

Introduced in HouseFeb 26, 2015

Death Tax Repeal Act of 2015

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. Provides for an inflation adjustment to such exemption amount.

Death Tax Repeal Act of 2015 — Informed