S-860 : Still Just a Bill

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.

Action Timeline

Action DateTypeTextSource
2015-03-25IntroReferralRead twice and referred to the Committee on Finance.Senate
2015-03-25IntroReferralIntroduced in SenateLibrary of Congress