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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
01/17/2019Introduced in Senate

All Actions (1)

Date
01/17/2019Read twice and referred to the Committee on Finance.
Action By: Senate

Cosponsors (4)

* = Original cosponsor
CosponsorDate Cosponsored
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

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 Finance01/17/2019 Referred to

As of 10/16/2019 no related bill information has been received for S.176 - Estate Tax Rate Reduction Act


Subjects (2)


Latest Summary (1)

There is one summary for S.176. View summaries

Shown Here:
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.