3.0.0 3508 2023-01-11T13:29:53Z 2023-01-11T13:29:53Z House HR 2015-09-15 114 [Congressional Record Volume 161, Number 132 (Tuesday, September 15, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. HARRIS:H.R. 3508.Congress has the power to enact this legislation pursuantto the following:Clause 1 of Section 8 of Article 1 of the Constitution ofthe United States.[Page H5980]]]> hswm00 Ways and Means Committee House Standing Referred to 2015-09-15T19:00:36Z 2015-09-15 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2015-09-15 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-09-15 Introduced in House IntroReferral 1000 9 Library of Congress H001052 Rep. Harris, Andy [R-MD-1] Andy Harris R MD 1 N M001195 Rep. Mooney, Alexander X. [R-WV-2] Alexander Mooney R WV X. 2 2015-09-15 True B001292 Rep. Beyer, Donald S., Jr. [D-VA-8] Donald Beyer D VA S. 8 2015-09-15 True Taxation Tax administration and collection, taxpayers Tax reform and tax simplification Transfer and inheritance taxes Taxation 00 2015-09-15 Introduced in House 2015-10-01T19:45:39Z American Solution for Simplifying the Estate Tax Act of 2015

This bill amends the Internal Revenue Code to: (1) allow taxpayers an election to make annual payments of 1% of their modified adjusted gross income for a minimum seven-year period in lieu of existing estate and generation-skipping transfer taxes, (2) allow a step-up in basis for estate property of a taxpayer making an election under this Act, and (3) set forth requirements for the filing of an estate tax return by taxpayers who have made an election under this Act.

]]> American Solution for Simplifying the Estate Tax Act of 2015 Display Title American Solution for Simplifying the Estate Tax Act of 2015 Official Title as Introduced To amend the Internal Revenue Code of 1986 to allow an annual elective surcharge in lieu of estate tax, and for other purposes. Introduced in House IH Short Titles as Introduced American Solution for Simplifying the Estate Tax Act of 2015 Introduced in House 2015-09-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr3508ih/xml/BILLS-114hr3508ih.xml 2015-09-15 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.