All Information (Except Text) for S.3638 - Estate Tax Rate Reduction Act115th Congress (2017-2018)
|Sponsor:||Sen. Kyl, Jon [R-AZ] (Introduced 11/15/2018)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 11/15/2018 Read twice and referred to the Committee on Finance. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
There is 1 version of this bill. View text
Click the check-box to add or remove the section, click the text link to scroll to that section.
Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Actions Overview (1)
|11/15/2018||Introduced in Senate|
11/15/2018 Introduced in Senate
All Actions (1)
|11/15/2018||Read twice and referred to the Committee on Finance.|
Action By: Senate
11/15/2018 Read twice and referred to the Committee on Finance.
|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|
|Committee / Subcommittee||Date||Activity||Reports|
|Senate Finance||11/15/2018||Referred to|
Subject — Policy Area:
One Policy Area term, which best describes an entire measure, is assigned to every public bill or resolution.
Latest Summary (1)
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.