I 

118TH CONGRESS 

2D SESSION H. R. 7035 

To amend the Internal Revenue Code of 1986 to repeal the estate and 

generation-skipping transfer taxes. 

IN THE HOUSE OF REPRESENTATIVES 

JANUARY 18, 2024 

Mr. FEENSTRA (for himself, Mr. BISHOP of Georgia, Ms. TENNEY, Mr. AUSTIN SCOTT of Georgia, Mrs. WAGNER, Mr. BISHOP of North Carolina, 

Mr. PERRY, Mr. MANN, Mr. GRAVES of Missouri, Mrs. CAMMACK, Mr. 

BOST, Mr. KUSTOFF, Mr. TIFFANY, Mr. GOODEN of Texas, Mr. 

FINSTAD, Mr. MOOLENAAR, Mr. GUEST, Mr. MOORE of Utah, Mrs. 

HINSON, Mr. WILLIAMS of Texas, Mr. THOMPSON of Pennsylvania, Mr. 

BURCHETT, Mrs. MILLER of West Virginia, Mr. SMUCKER, Mr. NORMAN, 

Mr. GUTHRIE, Mr. RESCHENTHALER, Mr. ROY, Ms. FOXX, Mr. 

PFLUGER, Mr. WEBER of Texas, Mrs. HARSHBARGER, Mr. JACKSON of 

Texas, Mr. ALFORD, Mr. ROSE, Mr. LAHOOD, Mr. SMITH of Nebraska, 

Mr. JOHNSON of Ohio, Mr. GRIFFITH, Mr. GREEN of Tennessee, Mr. 

FLEISCHMANN, Mr. CLOUD, Ms. STEFANIK, Mr. MURPHY, Mr. GOOD of 

Virginia, Mrs. SPARTZ, Mr. WOMACK, Mr. JOYCE of Pennsylvania, Ms. 

VAN DUYNE, Mr. NEWHOUSE, Mrs. MILLER-MEEKS, Mr. FRY, Mr. CURTIS, Mr. ALLEN, Mr. DAVIDSON, Mr. LANGWORTHY, Mr. BUCSHON, Mr. 

BABIN, Mr. NUNN of Iowa, Mr. NEHLS, Mr. ROSENDALE, Mrs. BICE, 

Mr. ADERHOLT, Mr. BALDERSON, Mr. BILIRAKIS, Mr. KELLY of Pennsylvania, Mrs. MCCLAIN, Mr. GOSAR, Mr. CAREY, Ms. HAGEMAN, Mrs. 

STEEL, Mr. BANKS, Mr. CARTER of Georgia, Mr. GRAVES of Louisiana, 

Ms. BOEBERT, Mr. ARRINGTON, Mr. BARR, Mr. ELLZEY, Mr. BACON, 

Mr. MEUSER, Mr. HERN, Mr. SESSIONS, Mr. DONALDS, Mr. KELLY of 

Mississippi, Mr. EDWARDS, Mr. TURNER, Mr. BAIRD, Mr. OGLES, Mr. 

VALADAO, Mr. VAN DREW, Mr. MOYLAN, Mr. CARTER of Texas, Mr. 

FITZGERALD, Mr. STEUBE, Mr. HIGGINS of Louisiana, Mr. SCOTT

FRANKLIN of Florida, Mr. DUARTE, Mr. TONY GONZALES of Texas, Mr. 

BURLISON, Mr. LAWLER, Mr. HUDSON, Mr. DUNCAN, Mrs. LESKO, Ms. 

MACE, Mr. FERGUSON, Mr. YAKYM, Mr. MILLS, Mr. BIGGS, Mrs. MILLER of Illinois, Mr. ROUZER, Mr. MCCLINTOCK, Mr. LATURNER, Mr. 

PENCE, Mr. SIMPSON, Mr. RUTHERFORD, Mr. WESTERMAN, Ms. 

LETLOW, Mr. LAMALFA, Mr. STAUBER, Mr. LUETKEMEYER, Mr. 

BUCHANAN, Mr. VAN ORDEN, Mrs. HOUCHIN, Mr. MCCAUL, Mr. STEIL, 

Mr. PALMER, Mrs. FISCHBACH, Mr. CLINE, Mr. LATTA, Mr. GARBARINO, 

Mr. CARL, Mr. CALVERT, Mr. FULCHER, Mr. MIKE GARCIA of California, 


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Mr. BEAN of Florida, Mr. JORDAN, Ms. DE LA CRUZ, Mr. MORAN, Mr. 

BERGMAN, Mr. SELF, Mr. MOORE of Alabama, Mr. WALBERG, Mr. 

EZELL, Mr. BUCK, Mr. HILL, Mrs. RODGERS of Washington, Mr. COLLINS, Mr. KILEY, Mr. CLYDE, Mr. MOONEY, Mr. WALTZ, Mr. CRENSHAW, Mr. DESJARLAIS, Mr. ARMSTRONG, Mrs. CHAVEZ-DEREMER, Mr. 

WILSON of South Carolina, Mr. MILLER of Ohio, Ms. GRANGER, Mr. 

GAETZ, Mr. ZINKE, Mr. MCCORMICK, and Mr. CISCOMANI) 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 and generation-skipping transfer taxes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Death Tax Repeal 

5 Act’’. 

6 SEC. 2. REPEAL OF ESTATE AND GENERATION-SKIPPING 

7 TRANSFER TAXES. 

8 (a) ESTATE TAX REPEAL.— 

9 (1) IN GENERAL.—Subchapter C of chapter 11 

10 of subtitle B of the Internal Revenue Code of 1986 

11 is amended by adding at the end the following new 

12 section: 

13 ‘‘SEC. 2210. TERMINATION. 

14 ‘‘(a) IN GENERAL.—Except as provided in subsection 

15 (b), this chapter shall not apply to the estates of decedents 


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1 dying on or after the date of the enactment of the Death 

2 Tax Repeal Act. 

3 ‘‘(b) CERTAIN DISTRIBUTIONS FROM QUALIFIED

4 DOMESTIC TRUSTS.—In applying section 2056A with re5 spect to the surviving spouse of a decedent dying before 

6 the date of the enactment of the Death Tax Repeal Act— 

7 ‘‘(1) section 2056A(b)(1)(A) shall not apply to 

8 distributions made after the 10-year period begin9 ning on such date, and 

10 ‘‘(2) section 2056A(b)(1)(B) shall not apply on 

11 or after such date.’’. 

12 (2) CLERICAL AMENDMENT.—The table of sec13 tions for subchapter C of chapter 11 of the Internal 

14 Revenue Code of 1986 is amended by adding at the 

15 end the following new item: 

‘‘Sec. 2210. Termination.’’. 

16 (b) GENERATION-SKIPPING TRANSFER TAX RE17 PEAL.— 

18 (1) IN GENERAL.—Subchapter G of chapter 13 

19 of subtitle B of such Code is amended by adding at 

20 the end the following new section: 

21 ‘‘SEC. 2664. TERMINATION. 

22 ‘‘This chapter shall not apply to generation-skipping 

23 transfers on or after the date of the enactment of the 

24 Death Tax Repeal Act.’’. 


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1 (2) CLERICAL AMENDMENT.—The table of sec2 tions for subchapter G of chapter 13 of such Code 

3 is amended by adding at the end the following new 

4 item: 

‘‘Sec. 2664. Termination.’’. 

5 (c) CONFORMING AMENDMENTS RELATED TO GIFT

6 TAX.— 

7 (1) COMPUTATION OF GIFT TAX.—Subsection 

8 (a) of section 2502 of the Internal Revenue Code of 

9 1986 is amended to read as follows: 

10 ‘‘(a) COMPUTATION OF TAX.— 

11 ‘‘(1) IN GENERAL.—The tax imposed by section 

12 2501 for each calendar year shall be an amount 

13 equal to the excess of— 

14 ‘‘(A) a tentative tax, computed under para15 graph (2), on the aggregate sum of the taxable 

16 gifts for such calendar year and for each of the 

17 preceding calendar periods, over 

18 ‘‘(B) a tentative tax, computed under para19 graph (2), on the aggregate sum of the taxable 

20 gifts for each of the preceding calendar periods. 

21 ‘‘(2) RATE SCHEDULE.— 

‘‘If the amount with respect 

to which the tentative tax 

to be computed is: The tentative tax is: 

Not over $10,000 .......................... 18% of such amount. 

Over $10,000 but not over 

$20,000.

$1,800, plus 20% of the excess over 

$10,000. 

Over $20,000 but not over 

$40,000.

$3,800, plus 22% of the excess over 

$20,000. 


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‘‘If the amount with respect 

to which the tentative tax 

to be computed is: The tentative tax is: 

Over $40,000 but not over 

$60,000.

$8,200, plus 24% of the excess over 

$40,000. 

Over $60,000 but not over 

$80,000.

$13,000, plus 26% of the excess over 

$60,000. 

Over $80,000 but not over 

$100,000.

$18,200, plus 28% of the excess over 

$80,000. 

Over $100,000 but not over 

$150,000.

$23,800, plus 30% of the excess over 

$100,000. 

Over $150,000 but not over 

$250,000.

$38,800, plus 32% of the excess of 

$150,000. 

Over $250,000 but not over 

$500,000.

$70,800, plus 34% of the excess over 

$250,000. 

Over $500,000 ............................... $155,800, plus 35% of the excess of 

$500,000.’’. 

1 (2) LIFETIME GIFT EXEMPTION.— 

2 (A) IN GENERAL.—Paragraph (1) of sec3 tion 2505(a) of the Internal Revenue Code of 

4 1986 is amended to read as follows: 

5 ‘‘(1) the amount of the tentative tax which 

6 would be determined under the rate schedule set 

7 forth in section 2502(a)(2) if the amount with re8 spect to which such tentative tax is to be computed 

9 were $10,000,000, reduced by’’. 

10 (B) INFLATION ADJUSTMENT.—Section 

11 2505 of such Code is amended by adding at the 

12 end the following new subsection: 

13 ‘‘(d) INFLATION ADJUSTMENT.— 

14 ‘‘(1) IN GENERAL.—In the case of any calendar 

15 year after 2011, the dollar amount in subsection 

16 (a)(1) shall be increased by an amount equal to— 

17 ‘‘(A) such dollar amount, multiplied by 


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1 ‘‘(B) the cost-of-living adjustment deter2 mined under section 1(f)(3) for such calendar 

3 year by substituting ‘calendar year 2010’ for 

4 ‘calendar year 2016’ in subparagraph (A)(ii) 

5 thereof. 

6 ‘‘(2) ROUNDING.—If any amount as adjusted 

7 under paragraph (1) is not a multiple of $10,000, 

8 such amount shall be rounded to the nearest mul9 tiple of $10,000.’’. 

10 (3) OTHER CONFORMING AMENDMENTS RE11 LATED TO GIFT TAX.— 

12 (A) The heading for section 2505 of such 

13 Code is amended by striking ‘‘UNIFIED’’. 

14 (B) The item in the table of sections for 

15 subchapter A of chapter 12 of such Code relat16 ing to section 2505 is amended to read as fol17 lows: 

‘‘Sec. 2505. Credit against gift tax.’’. 

18 (C) Section 2801(a)(1) of such Code is 

19 amended by striking ‘‘section 2001(c) as in ef20 fect on the date of such receipt’’ and inserting 

21 ‘‘section 2502(a)(2)’’. 

22 (d) EFFECTIVE DATE.—The amendments made by 

23 this section shall apply to estates of decedents dying, gen24 eration-skipping transfers, and gifts made, on or after the 

25 date of the enactment of this Act. 


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1 (e) TRANSITION RULE.— 

2 (1) IN GENERAL.—For purposes of applying 

3 sections 1015(d), 2502, and 2505 of the Internal 

4 Revenue Code of 1986, the calendar year in which 

5 this Act is enacted shall be treated as two separate 

6 calendar years one of which ends on the day before 

7 the date of the enactment of this Act and the other 

8 of which begins on such date of enactment. 

9 (2) APPLICATION OF SECTION 2504(b).—For 

10 purposes of applying section 2504(b) of the Internal 

11 Revenue Code of 1986, the calendar year in which 

12 this Act is enacted shall be treated as one preceding 

13 calendar period. 

Æ 


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