Section 1 Short title
This Act may be cited as the “Permanently Repeal the Estate Tax Act of 2021”.
Permanently Repeal the Estate Tax Act of 2021
A BILL
To amend the Internal Revenue Code of 1986 to repeal the estate tax and retain stepped-up basis at death.
Sec. 2 Repeal of estate tax and retention of basis step-up
Effective for estates of decedents dying after December 31, 2020, chapter 11 of the Internal Revenue Code of 1986 is repealed.