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S. 205

Referred to Committee

Death Tax Repeal Act of 2017

Introduced 1/24/2017•115th Congress•Senate

Latest Action

Read twice and referred to the Committee on Finance.

1/24/2017 • Senate

Summary

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.

Introduced in Senate • 1/24/2017

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Topics & Subjects

Policy Area: Taxation
Inflation and pricesTransfer and inheritance taxes

Congressional Votes (0)

No recorded votes yet

Roll call votes will appear here as the bill moves through Congress

Related Federal Spending

Sponsor & Cosponsors (38)

Party Breakdown

0
Democrats
38
Republicans
0
Independents

Sponsor

S[
Sen. Thune, John [R-SD]

Republican • SD

Sponsored 1/24/2017

Cosponsors (37)

S[
Sen. Alexander, Lamar [R-TN]

R-TN

Joined 1/24/2017

S[
Sen. Barrasso, John [R-WY]

R-WY

Joined 1/24/2017

S[
Sen. Blunt, Roy [R-MO]

R-MO

Joined 1/24/2017

S[
Sen. Boozman, John [R-AR]

R-AR

Joined 1/24/2017

S[
Sen. Cochran, Thad [R-MS]

R-MS

Joined 1/24/2017

S[
Sen. Cornyn, John [R-TX]

R-TX

Joined 1/24/2017

Bill Journey

Originated in the Senate

Introduced

January 24, 2017

Read twice and referred to the Committee on Finance.

Committee Review

Floor Debate

Passed Chamber

Other Chamber

President

Enacted into Law

Text Versions (1)

Introduced in Senate1/24/2017

Details

Bill TypeS
Current StatusReferred to Committee
Cosponsors37