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Permanently Repeal the Estate Tax Act of 2023

H.R. 338 · 118th Congress · Jan 12, 2023 · Lineage

A BILL

To amend the Internal Revenue Code of 1986 to repeal the estate tax and retain stepped-up basis at death.

Section 1 Short title

This Act may be cited as the “Permanently Repeal the Estate Tax Act of 2023”.

Sec. 2 Repeal of estate tax and retention of basis step-up

Effective for estates of decedents dying after December 31, 2022, chapter 11 of the Internal Revenue Code of 1986 is repealed.

Lineage

Jan 12, 2023viewing Introduced in House Mr. Latta (for himself, Mr. Crawford, Mrs. Miller of Illinois, Mr. Smith of New Jersey, Mr. Johnson of Ohio, Mrs. Wagner, Mr. Hunt, and Mr. Cole) introduced the following bill; which was referred to the Committee on Ways and Means