[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 525 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 525

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


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                    IN THE HOUSE OF REPRESENTATIVES

                            February 4, 1997

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

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                                 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repealed.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repealed.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transfers) is hereby repealed.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.
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