115th CONGRESS 1st Session |
To amend the Internal Revenue Code of 1986 to repeal the estate tax and retain stepped-up basis at death.
January 11, 2017
Mr. Latta (for himself, Mr. Duncan of Tennessee, Mr. Farenthold, Mr. Gosar, Mr. Jody B. Hice of Georgia, Mr. Jones, Mr. Long, Mr. Messer, and Mr. Poe of Texas) introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to repeal the estate tax and retain stepped-up basis at death.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “Permanently Repeal the Estate Tax Act of 2017”.
SEC. 2. Repeal of estate tax and retention of basis step-up.
Effective for estates of decedents dying after December 31, 2016, chapter 11 of the Internal Revenue Code of 1986 is repealed.