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House Bill 6228
115th Congress(2017-2018)
To amend the Internal Revenue Code of 1986 to make permanent the increase in the estate and gift tax exemption made by Public Law 115-97.
Introduced
Introduced
Introduced in House on Jun 26, 2018
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Introduced in House 
Jun 26, 2018
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Introduced in House(Jun 26, 2018)
Jun 26, 2018
Not Scanned for Linkage
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Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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H. R. 6228 (Introduced-in-House)


115th CONGRESS
2d Session
H. R. 6228


To amend the Internal Revenue Code of 1986 to make permanent the increase in the estate and gift tax exemption made by Public Law 115–97.

IN THE HOUSE OF REPRESENTATIVES

June 26, 2018

Mr. Marchant 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 make permanent the increase in the estate and gift tax exemption made by Public Law 115–97.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Increase in estate and gift tax exemption made permanent.

(a) In general.—Section 2010(c)(3) of the Internal Revenue Code of 1986 is amended in subparagraph (A), by striking “$5,000,000” and inserting “$10,000,000”.

(b) Conforming amendments.—

(1) Section 2001(g) of such Code is amended to read as follows:

“(g) Modifications to gift tax payable To reflect different tax rates.—For purposes of applying subsection (b)(2) with respect to 1 or more gifts, the rates of tax under subsection (c) in effect at the decedent’s death shall, in lieu of the rates of tax in effect at the time of such gifts, be used both to compute—

“(1) the tax imposed by chapter 12 with respect to such gifts, and

“(2) the credit allowed against such tax under section 2505, including in computing—

“(A) the applicable credit amount under section 2505(a)(1), and

“(B) the sum of the amounts allowed as a credit for all preceding periods under section 2505(a)(2).”.

(2) Section 2010(c)(3) of such Code is amended by striking subparagraph (C).

(c) Effective date.—The amendments made by this section shall apply to estates of decedents dying and gifts made after December 31, 2017.