HR 4996
114th Congress
House
Taxation
Transfer and inheritance taxes
Sensible Estate Tax Act of 2016
Introduced: April 20, 2016
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 20, 2016
Referred to the House Committee on Ways and Means.
Apr 20, 2016
Introduced in House
Plain-English summary
Sensible Estate Tax Act of 2016
This bill amends the Internal Revenue Code to modify the estate and gift taxes. For the estate tax, the bill increases the rates and decreases the amount that is excluded from the tax. For the gift tax, the bill establishes a separate lifetime exclusion amount. (Under current law, the estate and gift taxes share a unified exclusion amount.)
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1