All Information (Except Text) for S.860 - Death Tax Repeal Act of 2015114th Congress (2015-2016)
|Sponsor:||Sen. Thune, John [R-SD] (Introduced 03/25/2015)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 03/25/2015 Read twice and referred to the Committee on Finance. (All Actions)|
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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Actions Overview (1)
|03/25/2015||Introduced in Senate|
03/25/2015 Introduced in Senate
All Actions (1)
|03/25/2015||Read twice and referred to the Committee on Finance.|
Action By: Senate
03/25/2015 Read twice and referred to the Committee on Finance.
|Committee / Subcommittee||Date||Activity||Reports|
|Senate Finance||03/25/2015||Referred to|
Subject — Policy Area:
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Latest Summary (1)
Introduced in Senate (03/25/2015)
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.