[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 249 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 249

              To repeal the Federal estate and gift taxes.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 7, 1997

  Mr. Pitts introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
              To repeal the Federal estate and gift taxes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. REPEAL OF ESTATE AND GIFT TAXES.

    (a) In General.--Subtitle B of the Internal Revenue Code of 1986 
(relating to estate, gift, and generation-skipping taxes) is hereby 
repealed.
    (b) Effective Date.--The repeal made by subsection (a) shall apply 
to estates of decedents dying, and transfers made, after the date of 
the enactment of this Act.
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