H.R. 173

Death Tax Repeal Act

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I

114th CONGRESS

1st Session

H. R. 173

IN THE HOUSE OF REPRESENTATIVES

January 6, 2015

Mr. Thornberry (for himself, Mr. McClintock, Mr. Sessions, Mr. LaMalfa, Mr. Cook, Mr. Cramer, Mr. Huizenga of Michigan, Mr. Franks of Arizona, Mr. Olson, Ms. Granger, Mr. Lance, Mr. Conaway, Mr. Gosar, Mr. Turner, Mr. Womack, Mr. Yoho, Mr. Massie, Mr. Wilson of South Carolina, Mr. Jones, Mr. Culberson, Mr. Goodlatte, Mr. Bilirakis, and Mr. Miller of Florida) 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.

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Subtitle B of the Internal Revenue Code of 1986 (relating to estate, gift, and generation-skipping taxes) is hereby repealed.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