[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6042 Introduced in House (IH)]

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114th CONGRESS
  2d Session
                                H. R. 6042

  To nullify certain proposed regulations relating to restrictions on 
     liquidation of an interest with respect to estate, gift, and 
                  generation-skipping transfer taxes.


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                    IN THE HOUSE OF REPRESENTATIVES

                           September 15, 2016

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

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                                 A BILL


 
  To nullify certain proposed regulations relating to restrictions on 
     liquidation of an interest with respect to estate, gift, and 
                  generation-skipping transfer taxes.

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

SECTION 1. NULLIFICATION OF CERTAIN PROPOSED REGULATIONS RELATING TO 
              RESTRICTIONS ON LIQUIDATION OF AN INTEREST WITH RESPECT 
              TO ESTATE, GIFT, AND GENERATION-SKIPPING TRANSFER TAXES.

    Regulations proposed for purposes of section 2704 of the Internal 
Revenue Code of 1986 relating to restrictions on liquidation of an 
interest with respect to estate, gift, and generation-skipping transfer 
taxes, published on August 4, 2016 (81 Fed. Reg. 51413), and any 
substantially similar regulations hereafter promulgated, shall have no 
force or effect.
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