Death Tax Repeal Act of 2017
This bill 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. The bill also provides for an inflation adjustment to such exemption amount.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2017-01-24 | IntroReferral | Read twice and referred to the Committee on Finance. | Senate |
| 2017-01-24 | IntroReferral | Introduced in Senate | Library of Congress |