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S 1627 117th Congress Senate Taxation Transfer and inheritance taxes

Estate Tax Rate Reduction Act

Introduced: May 13, 2021 Introduced by: Cotton, Tom Republican · Arkansas See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 13, 2021
Read twice and referred to the Committee on Finance.
May 13, 2021
Introduced in Senate
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 Plain-English summary Congressional Research Service

Estate Tax Rate Reduction Act

This bill reduces the rate for the tax on estates, gifts, and generation-skipping transfers to 20%. (Under current law, the highest rate is 40%.)

The bill also exempts the budgetary effects of the tax reduction from the Pay-As-You-Go (PAYGO) rules established by the Statutory Pay-As-You-Go Act of 2010 and the FY2018 congressional budget resolution.

What's happening now May 13, 2021

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 3178 Identical bill Estate Tax Rate Reduction Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Boozman, John
Arkansas · May 13, 2021
 R
Ernst, Joni
Iowa · May 13, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1627: Estate Tax Rate Reduction Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-1627/
MLA
"S. 1627: Estate Tax Rate Reduction Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-1627/.
Bluebook (legal)
S. 1627, 117th Cong. (2026), https://openamerica.io/bill/117-S-1627/.
Markdown link
[S. 1627: Estate Tax Rate Reduction Act](https://openamerica.io/bill/117-S-1627/)
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