I
106TH CONGRESS
1ST SESSION
H. R. 8
To amend the Internal Revenue Code of 1986 to phaseout the estate and
gift taxes over a 10-year period.
IN THE HOUSE OF REPRESENTATIVES
FEBRUARY 25, 1999
Ms. DUNN (for herself and Mr. TANNER) 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 phaseout
the estate and gift taxes over a 10-year period.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Death Tax Elimination
Act’’.
SEC. 2. PHASEOUT OF ESTATE AND GIFT TAXES.
(a) REPEAL OF ESTATE AND GIFT TAXES.—Subtitle
B of the Internal Revenue Code of 1986 (relating to estate
and gift taxes) is repealed effective with respect to estates
The number of
‘‘For calendar year:
percentage points is:
2001 .........................................................................................
2002 .........................................................................................
2003 .........................................................................................
2004 .........................................................................................
2005 .........................................................................................
2006 .........................................................................................
2007 .........................................................................................
2008 .........................................................................................
2009 .........................................................................................
50.
‘‘(C) COORDINATION
WITH
PARAGRAPH
(2).—Paragraph (2) shall be applied by reduc-
ing the 55 percent percentage contained therein
by the number of percentage points determined
for such calendar year under subparagraph (B).
‘‘(D) COORDINATION
WITH
CREDIT
FOR
STATE
DEATH
TAXES.—Rules similar to the
rules of subparagraph (A) shall apply to the
table contained in section 2011(b) except that
the number of percentage points referred to in
subparagraph (A)(i) shall be determined under
the following table:
The number of
‘‘For calendar year:
percentage points is:
2000 .........................................................................................
11⁄2
2001 .........................................................................................
2002 .........................................................................................
41⁄2
2003 .........................................................................................
2004 .........................................................................................
71⁄2
2005 .........................................................................................
2006 .........................................................................................
101⁄2
2007 .........................................................................................
2008 .........................................................................................
131⁄2
2009 .........................................................................................
15.’’
(c) EFFECTIVE DATE.—The amendments made by
this section shall apply to estates of decedents dying, and
gifts made, after December 31, 1999.
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