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H.R. 1586House110th Congress (2007-2009)In Committee

Death Tax Repeal Act of 2007

Sponsored by Mac ThornberryRep. Mac Thornberry (R-TX)
Introduced March 20, 2007

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HouseIntro Referral Latest Action

Referred to the House Committee on Ways and Means.

Ways and Means Committee

March 20, 2007

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HouseIntro Referral

Introduced in House

March 20, 2007

HouseIntro Referral

Referred to the House Committee on Ways and Means.

Ways and Means Committee

March 20, 2007

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Introduced in HouseIssued March 20, 2007

I

110th CONGRESS

1st Session

H. R. 1586

IN THE HOUSE OF REPRESENTATIVES

March 20, 2007

Mr. Thornberry introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To repeal the Federal estate and gift taxes.

1.

Short title

This Act may be cited as the Death Tax Repeal Act of 2007.

2.

Repeal of estate and gift taxes

(a)

In general

Subtitle B of the Internal Revenue Code of 1986 (relating to estate, gift, and generation-skipping taxes) is hereby repealed.

(b)

Effective date

The repeal made by subsection (a) shall apply to estates of decedents dying, gifts made, and generation-skipping transfers made after the date of the enactment of this Act.