S 205
115th Congress
Senate
Taxation
Inflation and prices
Transfer and inheritance taxes
Death Tax Repeal Act of 2017
Introduced: January 24, 2017
Introduced by:
Thune, John
Republican
· South Dakota
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 24, 2017
Read twice and referred to the Committee on Finance.
Jan 24, 2017
Introduced in Senate
Plain-English 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 also 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