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Death Tax Repeal Act

H.R. 147 · 113th Congress · Jan 3, 2013 · Lineage

A BILL

To repeal the Federal estate and gift taxes.

Section 1 Short title

This Act may be cited as the “Death Tax Repeal Act”.

Sec. 2 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Subtitle B of the Internal Revenue Code of 1986 (relating to estate, gift, and generation-skipping taxes) is hereby repealed.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, gifts made, and generation-skipping transfers made after the date of the enactment of this Act.