S 860
114th Congress
Senate
Taxation
Inflation and prices
Transfer and inheritance taxes
Death Tax Repeal Act of 2015
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 25, 2015
Read twice and referred to the Committee on Finance.
Mar 25, 2015
Introduced in Senate
Plain-English 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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1