All Information (Except Text) for S.205 - Death Tax Repeal Act of 2017115th Congress (2017-2018)
|Sponsor:||Sen. Thune, John [R-SD] (Introduced 01/24/2017)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 01/24/2017 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)
|01/24/2017||Introduced in Senate|
01/24/2017 Introduced in Senate
All Actions (1)
|01/24/2017||Read twice and referred to the Committee on Finance.|
Action By: Senate
01/24/2017 Read twice and referred to the Committee on Finance.
|Committee / Subcommittee||Date||Activity||Reports|
|Senate Finance||01/24/2017||Referred to|
Subject — Policy Area:
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Latest Summary (1)
Introduced in Senate (01/24/2017)
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.