S. 860 · 114th Congress
Death Tax Repeal Act of 2015
- Stage
- In committee
- Sponsor
- John Thune
- Introduced
- 2015-03-25
- Latest action
- 2015-03-25 · Introduced in Senate
Summary
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.