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Estate Tax Rate Reduction Act

USA118th CongressHR-7993| House 
| Updated: 4/15/2024
Jodey C. Arrington

Jodey C. Arrington

Republican Representative

Texas

Cosponsors (1)
Sanford D. Bishop (Democratic)

Ways and Means Committee, Budget Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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

Bill from Previous Congress

HR 116-5652
Estate Tax Rate Reduction Act

Bill from Previous Congress

HR 117-3178
Estate Tax Rate Reduction Act
Apr 15, 2024
Introduced in House
Apr 15, 2024
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.

  • Bill from Previous Congress

    HR 116-5652
    Estate Tax Rate Reduction Act

  • Bill from Previous Congress

    HR 117-3178
    Estate Tax Rate Reduction Act
  • April 15, 2024
    Introduced in House
  • April 15, 2024
    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

Estate Tax Rate Reduction Act

USA118th CongressHR-7993| House 
| Updated: 4/15/2024
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-5652
Estate Tax Rate Reduction Act

Bill from Previous Congress

HR 117-3178
Estate Tax Rate Reduction Act
Apr 15, 2024
Introduced in House
Apr 15, 2024
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.

  • Bill from Previous Congress

    HR 116-5652
    Estate Tax Rate Reduction Act

  • Bill from Previous Congress

    HR 117-3178
    Estate Tax Rate Reduction Act
  • April 15, 2024
    Introduced in House
  • April 15, 2024
    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.
Jodey C. Arrington

Jodey C. Arrington

Republican Representative

Texas

Cosponsors (1)
Sanford D. Bishop (Democratic)

Ways and Means Committee, Budget Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted