115th CONGRESS 1st Session |
To repeal the Federal estate and gift taxes.
January 3, 2017
Mr. Thornberry (for himself, Mr. Palazzo, Mr. Rogers of Alabama, Mr. Huizenga, Mr. Wilson of South Carolina, Mr. Gosar, Mr. Abraham, Mr. Cramer, Mr. Cook, Mr. Jody B. Hice of Georgia, Mr. Bucshon, Mr. Crawford, Mr. Culberson, Mr. Poe of Texas, Mr. Gohmert, Mr. Arrington, Mr. Aderholt, Mr. Burgess, Mr. Massie, Mr. Zeldin, Mr. Lance, Mr. Duncan of Tennessee, Mr. Duncan of South Carolina, Mr. Bridenstine, Mr. Yoho, Mr. Olson, Mr. Franks of Arizona, Mr. Bishop of Utah, Mrs. Wagner, Mr. Long, Mr. Hultgren, Mr. Graves of Missouri, Mr. Luetkemeyer, Mr. Conaway, Mr. Turner, Mr. Diaz-Balart, Mr. Harper, Mr. McClintock, Mr. Williams, and Mr. Smith of Texas) introduced the following bill; which was referred to the Committee on Ways and Means
To repeal the Federal estate and gift taxes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “Death Tax Repeal Act of 2017”.
SEC. 2. Repeal of estate and gift taxes.
(a) In general.—Subtitle B of the Internal Revenue Code of 1986 (relating to estate, gift, and generation-skipping taxes) is hereby repealed.
(b) Effective date.—The repeal made by subsection (a) shall apply to estates of decedents dying, gifts made, and generation-skipping transfers made after the date of the enactment of this Act.