| Bill | S 176 |
|---|---|
| Type of Legislation | Senate Bill |
| Congress | 116 |
| Source | View original on Congress.gov |
Geographic Scope
National
Description
Estate Tax Rate Reduction Act
This bill reduces the rate for the tax on estates, gifts, and generation-skipping transfers to 20%. (Under current law, the highest rate is 40%.)
The bill also exempts the budgetary effects of the tax reduction from the Pay-As-You-Go (PAYGO) rules established by the Statutory Pay-As-You-Go Act of 2010 and the FY2018 congressional budget resolution.
Bill Title
Estate Tax Rate Reduction Act
Linked Goals
Steps
- 2019-01-17: Read twice and referred to the Committee on Finance.
- 2019-01-17: Introduced in Senate
Projected Outcome
A more informed proposal or public response aligned with the Promote General Welfare goal.