[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 802 Introduced in House (IH)]







105th CONGRESS
  1st Session
                                H. R. 802

  To amend the Internal Revenue Code of 1986 to repeal the estate and 
                              gift taxes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 13, 1997

Mr. Thornberry 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.

    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) Estate Tax.--Chapter 11 of the Internal Revenue Code of 1986 
(relating to estate taxes) is hereby repealed.
    (b) Gift Tax.--Chapter 12 of the Internal Revenue Code of 1986 
(relating to gift taxes) is hereby repealed.
    (c) Effective Date.--
            (1) Estate tax.--The repeal made by subsection (a) shall 
        apply to the estates of decedents dying after September 30, 
        1997.
            (2) Gift tax.--The repeal made by subsection (b) shall 
        apply with respect to transfers made after September 30, 1997.
                                 <all>