S. 2242 · 112th Congress
Death Tax Repeal Permanency Act of 2012
- Stage
- In committee
- Sponsor
- John Thune
- Introduced
- 2012-03-28
- Latest action
- 2012-03-28 · Introduced in Senate
Summary
Death Tax Repeal Permanency Act of 2012 - 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 a $5 million lifetime gift tax exemption.