All Information (Except Text) for S.176 - Estate Tax Rate Reduction Act116th Congress (2019-2020) |
|Sponsor:||Sen. Cotton, Tom [R-AR] (Introduced 01/17/2019)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 01/17/2019 Read twice and referred to the Committee on Finance. (All Actions)|
This bill has the status Introduced
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- Passed House
- To President
- Became Law
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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Actions Overview (1)
|01/17/2019||Introduced in Senate|
01/17/2019 Introduced in Senate
All Actions (1)
|01/17/2019||Read twice and referred to the Committee on Finance.|
Action By: Senate
01/17/2019 Read twice and referred to the Committee on Finance.
|Sen. Boozman, John [R-AR]*||01/17/2019|
|Sen. Blunt, Roy [R-MO]*||01/17/2019|
|Sen. Ernst, Joni [R-IA]*||01/17/2019|
|Sen. Blackburn, Marsha [R-TN]||07/30/2019|
|Committee / Subcommittee||Date||Activity||Reports|
|Senate Finance||01/17/2019||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 (01/17/2019)
Estate Tax Rate Reduction Act
This bill reduces 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.