[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H.R. 130 Introduced in House (IH)]







107th CONGRESS
  1st Session
                                H. R. 130

  To amend the Internal Revenue Code of 1986 to repeal the estate and 
                              gift taxes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 3, 2001

 Mr. McInnis introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to repeal the estate and 
                              gift taxes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Death Tax Termination Act of 2001''.

SEC. 2. REPEAL OF ESTATE AND GIFT TAXES.

    (a) General Rule.--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repealed.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 the estates of decedents dying, and gifts and generation-skipping 
transfers made, after December 31, 2000.
                                 <all>