3.0.0 3886 2023-01-11T13:38:38Z 2023-01-11T13:38:38Z House HR 2017-09-28 115 [Congressional Record Volume 163, Number 156 (Thursday, September 28, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. AUSTIN SCOTT of Georgia:H.R. 3886.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the United States Constitution.[Page H7636]]]> hswm00 Ways and Means Committee House Standing Referred to 2017-09-28T13:01:15Z 2017-09-28 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2017-09-28 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-09-28 Introduced in House IntroReferral 1000 9 Library of Congress S001189 Rep. Scott, Austin [R-GA-8] Austin Scott R GA 8 N Taxation Inflation and prices Transfer and inheritance taxes Taxation

00 2017-09-28 Introduced in House 2018-01-29T17:05:22Z This bill amends the Internal Revenue Code, with respect to the estate and gift tax, to: (1) increase the basic exclusion amount from $5 million to $50 million; (2) modify the required inflation adjustment for the basic exclusion amount; and (3) replace the existing rate schedule, which ranges from 18% to 40% depending on the amount of the estate or gift, with a single 20% rate.

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Display Title Official Title as Introduced Introduced in House 2017-09-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr3886ih/xml/BILLS-115hr3886ih.xml 2017-09-28 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.