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H.R. 521: Permanently Repeal the Estate Tax Act of 2019

The text of the bill below is as of Jan 11, 2019 (Introduced).


I

116th CONGRESS

1st Session

H. R. 521

IN THE HOUSE OF REPRESENTATIVES

January 11, 2019

(for himself, Mr. Long, Mr. Gosar, Mr. Hice of Georgia, Mr. DesJarlais, Mr. LaMalfa, Mr. Gibbs, Mr. King of Iowa, and Mr. Arrington) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

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

1.

Short title

This Act may be cited as the Permanently Repeal the Estate Tax Act of 2019.

2.

Repeal of estate tax and retention of basis step-up

Effective for estates of decedents dying after December 31, 2018, chapter 11 of the Internal Revenue Code of 1986 is repealed.