H.R. 1301, also known as the "Death Tax Repeal Act," aims to change the Internal Revenue Code of 1986 by eliminating the estate tax and the generation-skipping transfer tax. It proposes that these taxes should no longer apply to estates of people who die, or to...
H.R. 1301 wants to stop some taxes, called estate and generation-skipping transfer taxes, so when people pass away, their families can keep more of their money instead of giving it to the government.
S. 587 aims to eliminate the estate and generation-skipping transfer taxes by amending the Internal Revenue Code of 1986. This bill, known as the "Death Tax Repeal Act of 2025," would prevent these taxes from applying to estates and transfers occurring after its enactment. It...
The bill wants to stop certain taxes when someone passes away and leaves money to others. It also changes how money given as gifts is taxed, making it easier for people to give away money without paying extra taxes.
H.R. 7035, also known as the "Death Tax Repeal Act," proposes to eliminate the estate tax and the generation-skipping transfer tax, which are taxes imposed on transfers of wealth at death and to grandchildren, respectively. The bill aims to change the Internal Revenue Code of...
H.R. 7035 wants to stop certain taxes when people give money or things to their family after they pass away, making it easier for families to keep their stuff without paying extra. But, some people worry this might not be fair because it could let rich people keep getting richer without sharing.
H. R. 601, titled the "Estate Tax Rate Reduction Act," seeks to amend the Internal Revenue Code of 1986 by lowering the tax rate to 20% on estates, gifts, and generation-skipping transfers. The bill modifies several sections of the tax code to align with this change, ensuring that the lower...
H. R. 601 is a bill that wants to make the taxes smaller for people who give money or things to others when they pass away. It would make the tax 20% for these gifts and changes for everyone starting in 2025.
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