HR 3508
114th Congress
House
Taxation
Tax administration and collection, taxpayers
Tax reform and tax simplification
Transfer and inheritance taxes
American Solution for Simplifying the Estate Tax Act of 2015
Introduced: September 15, 2015
Introduced by:
Harris, Andy
Republican
· Maryland
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 15, 2015
Referred to the House Committee on Ways and Means.
Sep 15, 2015
Introduced in House
Plain-English summary
American Solution for Simplifying the Estate Tax Act of 2015
This bill amends the Internal Revenue Code to: (1) allow taxpayers an election to make annual payments of 1% of their modified adjusted gross income for a minimum seven-year period in lieu of existing estate and generation-skipping transfer taxes, (2) allow a step-up in basis for estate property of a taxpayer making an election under this Act, and (3) set forth requirements for the filing of an estate tax return by taxpayers who have made an election under this Act.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1