< Back to H.R. 246 (107th Congress, 2001–2002)

Text of the Death Tax Repeal Act of 2001

This bill was introduced on January 30, 2001, in a previous session of Congress, but was not enacted. The text of the bill below is as of Jan 30, 2001 (Introduced).

Source: GPO

HR 246 IH

107th CONGRESS

1st Session

H. R. 246

To repeal the Federal estate and gift taxes.

IN THE HOUSE OF REPRESENTATIVES

January 30, 2001

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


A BILL

To repeal the Federal estate and gift taxes.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ‘Death Tax Repeal Act of 2001’.

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Subtitle B of the Internal Revenue Code of 1986 (relating to estate, gift, and generation-skipping taxes) is hereby repealed.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.