Estate Tax Rate Reduction Act

USA116^th CongressHR-5652| House

| Updated: 1/17/2020

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.

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Timeline

Jan 17, 2019

Latest Companion Bill Action

S 116-176

Introduced in Senate

Jan 17, 2020

Introduced in House

Jan 17, 2020

Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

January 17, 2019
Latest Companion Bill Action
S 116-176
Introduced in Senate
January 17, 2020
Introduced in House
January 17, 2020
Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Taxation

Transfer and inheritance taxes

Estate Tax Rate Reduction Act

USA116^th CongressHR-5652| House

| Updated: 1/17/2020

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Jodey C. Arrington

Republican Representative

Texas

Ways and Means Committee, Budget Committee

Taxation

Related Bills

S 116-176: Estate Tax Rate Reduction Act

Introduced
In Committee
On Floor
Passed Chamber
Enacted

Transfer and inheritance taxes