< Back to H.R. 483 (113th Congress, 2013–2015)

Text of the Farmers Against Crippling Taxes Act

This bill was introduced on February 4, 2013, in a previous session of Congress, but was not enacted. The text of the bill below is as of Feb 4, 2013 (Introduced).

I

113th CONGRESS

1st Session

H. R. 483

IN THE HOUSE OF REPRESENTATIVES

February 4, 2013

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

A BILL

To repeal the Federal estate and gift taxes.

1.

Short title

This Act may be cited as the Farmers Against Crippling Taxes Act .

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Subtitle B of the Internal Revenue Code of 1986 (relating to estate, gift, and generation-skipping taxes) is hereby repealed.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