H.R. 631 · 115th Congress
Death Tax Repeal Act of 2017
- Stage
- In committee
- Sponsor
- Kristi Noem
- Introduced
- 2017-01-24
- Latest action
- 2017-01-24 · Introduced in House
Summary
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 provides for an inflation adjustment to such exemption amount.