Senate
Mar 25, 2015

A bill to amend the Internal Revenue Code of 1986 to repeal the estate and generation-skipping transfer taxes, and for other purposes.

Summary

Official

Death Tax Repeal Act of 2015 Amends the Internal Revenue Code to: (1) repeal the estate and generation-skipping transfer taxes, and (2) make permanent the maximum 35% gift tax rate and the lifetime gift tax exemption. Provides for an inflation adjustment to such exemption amount.

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Bill Progress

Bill has been introduced and assigned a number

Introduced(3/25/15)
Committee
Passed House
Passed Senate
President
Law

Sponsor

JT

Mr. Thune

Senate (R) South Dakota

Cosponsors (20)

Topics

Latest Action

Read twice and referred to the Committee on Finance.

Mar 25, 2015