Permanently Repeal the Estate Tax Act of 2023

Bill: 118-hr-338
Sponsor: full_name: Rep. Latta, Robert E. [R-OH-5]
Introduced: 2023-01-12
Policy area: Taxation
Subjects: Transfer and inheritance taxes
Latest action: action_date: 2023-01-12
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2023-01-12
action_desc: Introduced in House
text: <p><strong>Permanently Repeal the Estate Tax Act of 2023</strong></p> <p>This bill repeals the federal estate tax, effective for estates of decedents dying after December 31, 2022.</p>

tv_txt: I 118th CONGRESS 1st Session H. R. 338 IN THE HOUSE OF REPRESENTATIVES January 12, 2023 Mr. Latta (for himself, Mr. Crawford , Mrs. Miller of Illinois , Mr. Smith of New Jersey , Mr. Johnson of Ohio , Mrs. Wagner , Mr. Hunt , and Mr. Cole ) 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 2023 . 2. Repeal of estate tax and retention of basis step-up Effective for estates of decedents dying after December 31, 2022, chapter 11 of the Internal Revenue Code of 1986 is repealed.