HR 3178 United States House · 117th Congress

Estate Tax Rate Reduction Act

Summary

Estate Tax Rate Reduction Act This bill reduces the rate for the tax on estates, gifts, and generation-skipping transfers to 20%. (Under current law, the highest rate is 40%.) The bill also exempts the budgetary effects of the tax reduction from the Pay-As-You-Go (PAYGO) rules established by the Statutory Pay-As-You-Go Act of 2010 and the FY2018 congressional budget resolution.

Issues: ✗ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

May 2021

Committee Review

Floor Vote

President

Introduced May 13, 2021 Last action May 13, 2021

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Full legislative history

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Committee

May 13, 2021

Committee

Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

lower

May 13, 2021

Introduced

Introduced in House

lower

1 primary · 2 co-sponsors