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H.R. 521House116th Congress (2019-2021)In Committee

Permanently Repeal the Estate Tax Act of 2019

Sponsored by Robert E. LattaRep. Robert E. Latta (R-OH)
Introduced January 11, 2019

AI-Generated Summary

Updated April 14, 2026 at 12:15 AM UTC

The Permanently Repeal the Estate Tax Act of 2019 would eliminate the federal estate tax for all future estates. It removes the tax provision from the Internal Revenue Code and keeps the existing rule that allows heirs to receive a stepped‑up basis in the property they inherit. The change affects anyone who inherits assets after December 31, 2018, by removing the tax liability that would otherwise apply.

Key Provisions

  • Repeals Chapter 11 of the Internal Revenue Code, which contains the estate tax, for estates of individuals who die after December 31, 2018.
  • Keeps the stepped‑up basis rule at death unchanged, so heirs continue to receive a tax basis equal to the fair market value of inherited property.

Legislative Activity

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1 earlier action
HouseIntro Referral Latest Action

Referred to the House Committee on Ways and Means.

Ways and Means Committee

January 11, 2019

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HouseIntro Referral

Introduced in House

January 11, 2019

HouseIntro Referral

Referred to the House Committee on Ways and Means.

Ways and Means Committee

January 11, 2019

Bill Text

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Introduced in HouseIssued January 11, 2019

I

116th CONGRESS

1st Session

H. R. 521

IN THE HOUSE OF REPRESENTATIVES

January 11, 2019

Mr. Latta (for himself, Mr. Long, Mr. Gosar, Mr. Hice of Georgia, Mr. DesJarlais, Mr. LaMalfa, Mr. Gibbs, Mr. King of Iowa, and Mr. Arrington) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to repeal the estate tax and retain stepped-up basis at death.

1.

Short title

This Act may be cited as the Permanently Repeal the Estate Tax Act of 2019.

2.

Repeal of estate tax and retention of basis step-up

Effective for estates of decedents dying after December 31, 2018, chapter 11 of the Internal Revenue Code of 1986 is repealed.