Farmers Against Crippling Taxes Act

Bill: 115-hr-30
Sponsor: full_name: Rep. Hudson, Richard [R-NC-8]
Introduced: 2017-01-03
Policy area: Taxation
Subjects: Transfer and inheritance taxes
Latest action: action_date: 2017-01-03
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2017-01-03
action_desc: Introduced in House
text: <p><strong>Farmers Against Crippling Taxes Act</strong></p> <p>This bill repeals the federal estate, gift, and generation-skipping transfer taxes.</p>

tv_txt: I 115th CONGRESS 1st Session H. R. 30 IN THE HOUSE OF REPRESENTATIVES January 3, 2017 Mr. Hudson introduced the following bill; which was referred to the Committee on Ways and Means A BILL To repeal the Federal estate and gift taxes.

1. Short title This Act may be cited as the Farmers Against Crippling Taxes Act . 2. Repeal of estate and gift taxes (a) In general Subtitle B of the Internal Revenue Code of 1986 (relating to estate, gift, and generation-skipping taxes) is hereby repealed. (b) Effective date The repeal made by subsection (a) shall apply to estates of decedents dying, gifts made, and generation-skipping transfers made after the date of the enactment of this Act.