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Titles (2)

Short Titles

Short Titles - Senate

Short Titles as Introduced

Estate Tax Rate Reduction Act

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to amend the Internal Revenue Code of 1986 to reduce the rate of tax on estates, gifts, and generation-skipping transfers.


Actions Overview (1)

Date
11/15/2018Introduced in Senate

All Actions (1)

Date
11/15/2018Read twice and referred to the Committee on Finance.
Action By: Senate

Cosponsors (4)

* = Original cosponsor
CosponsorDate Cosponsored
Sen. Cotton, Tom [R-AR] 11/29/2018
Sen. Boozman, John [R-AR] 11/29/2018
Sen. Blunt, Roy [R-MO] 12/10/2018
Sen. Ernst, Joni [R-IA] 12/19/2018

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
Senate Finance11/15/2018 Referred to

No related bill information was received for S.3638.


Subjects (2)


Latest Summary (1)

There is one summary for S.3638. View summaries

Shown Here:
Introduced in Senate (11/15/2018)

Estate Tax Rate Reduction Act

This bill amends the Internal Revenue Code to reduce 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.