[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1039 Introduced in House (IH)]

  1st Session
                                H. R. 1039

  To amend the Internal Revenue Code of 1986 to repeal the estate and 
        gift taxes and the tax on generation-skipping transfers.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 24, 1995

    Mr. Crane (for himself, Mr. Blute, Mr. McKeon, and Mr. Hancock) 
 introduced the following bill; which was referred to the Committee on 
                             Ways and Means

_______________________________________________________________________

                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to repeal the estate and 
        gift taxes and the tax on generation-skipping transfers.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled, That (a) chapter 11 of 
the Internal Revenue Code of 1986 (relating to estate tax) is hereby 
repealed.
    (b) Chapter 12 of such Code (relating to gift tax) is hereby 
repealed.
    (c) Chapter 13 of such Code (relating to tax on generation-skipping 
transfers) is hereby repealed.
    (d)(1) The repeal made by subsection (a) shall apply to the estates 
of decedents dying after the date of the enactment of this Act.
    (2) The repeals made by subsections (b) and (c) shall apply with 
respect to transfers made after the date of the enactment of this Act.
                                 <all>