To nullify certain proposed regulations relating to restrictions on liquidation of an interest with respect to estate, gift, and generation-skipping transfer taxes.

Bill: 114-hr-6042
Sponsor: full_name: Rep. Sensenbrenner, F. James, Jr. [R-WI-5]
Introduced: 2016-09-15
Policy area: Taxation
Subjects: Administrative law and regulatory procedures

Department of the Treasury

Internal Revenue Service (IRS)

Tax administration and collection, taxpayers

Transfer and inheritance taxes
Latest action: action_date: 2016-09-15
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2016-09-15
action_desc: Introduced in House
text: <p>This bill prohibits proposed Internal Revenue Service regulations published on August 4, 2016, relating to restrictions on liquidation of an interest with respect to estate, gift, and generation-skipping transfer taxes, and any substantially similar regulations, from taking effect. </p>

tv_txt: I 114th CONGRESS 2d Session H. R. 6042 IN THE HOUSE OF REPRESENTATIVES September 15, 2016 Mr. Sensenbrenner introduced the following bill; which was referred to the Committee on Ways and Means A BILL To nullify certain proposed regulations relating to restrictions on liquidation of an interest with respect to estate, gift, and generation-skipping transfer taxes.

1. Nullification of certain proposed regulations relating to restrictions on liquidation of an interest with respect to estate, gift, and generation-skipping transfer taxes Regulations proposed for purposes of section 2704 of the Internal Revenue Code of 1986 relating to restrictions on liquidation of an interest with respect to estate, gift, and generation-skipping transfer taxes, published on August 4, 2016 (81 Fed. Reg. 51413), and any substantially similar regulations hereafter promulgated, shall have no force or effect.