3.0.0 3638 2023-01-11T13:40:56Z 2023-01-11T13:40:56Z Senate S 2018-11-15 115 ssfi00 Finance Committee Senate Standing Referred to 2018-11-15T18:48:38Z 2018-11-15 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2018-11-15 Introduced in Senate IntroReferral 10000 9 Library of Congress K000352 Sen. Kyl, Jon [R-AZ] Jon Kyl R AZ Llewellyn N C001095 Sen. Cotton, Tom [R-AR] Tom Cotton R AR 2018-11-29 False B001236 Sen. Boozman, John [R-AR] John Boozman R AR 2018-11-29 False B000575 Sen. Blunt, Roy [R-MO] Roy Blunt R MO 2018-12-10 False E000295 Sen. Ernst, Joni [R-IA] Joni Ernst R IA 2018-12-19 False Taxation Transfer and inheritance taxes Taxation 00 2018-11-15 Introduced in Senate 2019-02-06T21:50:55Z Estate Tax Rate Reduction Act

This bill amends the Internal Revenue Code to reduce 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.

]]> Estate Tax Rate Reduction Act Display Title Estate Tax Rate Reduction Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to reduce the rate of tax on estates, gifts, and generation-skipping transfers. Introduced in Senate IS Short Titles as Introduced Estate Tax Rate Reduction Act Introduced in Senate 2018-11-15T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s3638is/xml/BILLS-115s3638is.xml 2018-11-15 Read twice and referred to the Committee on Finance. 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.