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H.R. 822: Permanently Repeal the Estate Tax Act of 2021


The text of the bill below is as of Feb 4, 2021 (Introduced).


I

117th CONGRESS

1st Session

H. R. 822

IN THE HOUSE OF REPRESENTATIVES

February 4, 2021

(for himself, Mr. Long, and Mr. Gibbs) 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 2021.

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Effective for estates of decedents dying after December 31, 2020, chapter 11 of the Internal Revenue Code of 1986 is repealed.