I
119THCONGRESS
1
STSESSION H. R. 1301
To amend the Internal Revenue Code of 1986 to repeal the estate and
generation-skipping transfer taxes.
IN THE HOUSE OF REPRESENTATIVES
FEBRUARY13, 2025
Mr. F
EENSTRA(for himself, Mr. BISHOP, Mr. SMITHof Missouri, Mr.
E
MMER, Mr. BUCHANAN, Mr. ROUZER, Mr. FINSTAD, Mr.
F
LEISCHMANN, Mr. AMODEIof Nevada, Ms. TENNEY, Mr. PERRY, Mr.
M
EUSER, Mr. STRONG, Mr. ZINKE, Mr. FITZGERALD, Mr. LAHOOD, Mr.
M
OOLENAAR, Mr. ELLZEY, Mr. JOYCEof Pennsylvania, Mr. BILIRAKIS,
Mr. C
LYDE, Mr. COLLINS, Mrs. HARSHBARGER, Mr. WEBERof Texas,
Mr. L
ATTA, Mr. BOST, Ms. DELACRUZ, Mr. MOOREof Utah, Mr.
C
RENSHAW, Mr. STAUBER, Mr. CISCOMANI, Mr. CRANE, Mr. BURLISON,
Mrs. M
ILLERof West Virginia, Mr. LAWLER, Ms. VANDUYNE, Mr.
J
ACKSONof Texas, Mr. BABIN, Mrs. WAGNER, Ms. MACE, Mr. MOORE
of West Virginia, Mrs. C
AMMACK, Ms. BOEBERT, Mr. FRY, Mr. CLOUD,
Mr. M
CCORMICK, Mr. BACON, Mr. ISSA, Mr. PFLUGER, Mr. ROY, Mr.
M
ILLERof Ohio, Mr. CARTERof Georgia, Mr. SMITHof Nebraska, Mr.
S
CHMIDT, Mr. WILLIAMSof Texas, Mr. CLINE, Mr. LANGWORTHY, Mr.
S
MUCKER, Mr. EZELL, Mr. ROGERSof Alabama, Mr. DOWNING, Mr.
S
COTTFRANKLINof Florida, Mr. BIGGSof Arizona, Mr. RUTHERFORD,
Mr. Y
AKYM, Mr. EDWARDS, Mr. MCDOWELL, Mrs. BICE, Mr. KELLYof
Pennsylvania, Mr. B
ARRETT, Mr. GARBARINO, Mr. BAIRD, Mr. VAN
O
RDEN, Mr. KUSTOFF, Mr. THOMPSONof Pennsylvania, Mr. NEWHOUSE,
Mr. S
ELF, Mr. GRAVES, Mr. GILLof Texas, Mr. NUNNof Iowa, Mr.
V
ALADAO, Ms. LETLOW, Mr. CALVERT, Mr. HERNof Oklahoma, Mr.
F
ALLON, Mr. FULCHER, Ms. FOXX, Mr. PALMER, Mr. GREENof Ten-
nessee, Mr. T
IFFANY, Mr. OGLES, Mr. MORAN, Mr. MCCAUL, Mr.
A
LFORD, Mr. GUTHRIE, Mr. GUEST, Mr. HIGGINSof Louisiana, Mr.
E
VANSof Colorado, Mrs. MILLER-MEEKS, Mrs. HINSON, Mr. GRIFFITH,
Mr. W
OMACK, Mr. KELLYof Mississippi, Mr. MOOREof North Carolina,
Mr. M
CCLINTOCK, Mr. HARRISof North Carolina, Mr. BALDERSON, Mrs.
H
OUCHIN, Mr. MANN, Mr. RULLI, Mr. WIED, Mr. FONG, Mr. SIMPSON,
Mr. S
TEUBE, Mr. SESSIONS, Mr. BEANof Florida, Mr. MURPHY, Mr.
T
AYLOR, Mr. CRANK, Mrs. BIGGSof South Carolina, Ms. MALOY, Mr.
B
RESNAHAN, Mr. COMER, Mrs. FISCHBACH, Mr. DAVIDSON, Mr. VAN
D
REW, Mr. TURNERof Ohio, Mr. CAREY, Mr. HURDof Colorado, Mr.
M
ILLS, Mr. ROSE, Mr. WILSONof South Carolina, Mr. NORMAN, Mr.
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•HR 1301 IH
WESTERMAN, Mr. GOODEN, Mr. STUTZMAN, Mr. AUSTINSCOTTof Geor-
gia, Mr. K
ILEYof California, Mr. HARIDOPOLOS, Mr. DAVISof North
Carolina, Ms. G
REENEof Georgia, Mrs. MILLERof Illinois, Mr. MOORE
of Alabama, Mr. A
LLEN, Mr. BERGMAN, Mr. DESJARLAIS, Mr. FLOOD,
Mr. H
ARRISof Maryland, Mr. BARR, Mr. JORDAN, Mr. MESSMER, Mr.
D
IAZ-BALART, Mr. GOSAR, Mr. WALBERG, Mr. HILLof Arkansas, Mr.
M
CGUIRE, Mr. ARRINGTON, Mr. TONYGONZALESof Texas, Mr. ADER-
HOLT, Mr. NEHLS, Ms. FEDORCHAK, Mr. BEGICH, Mr. BURCHETT, Mr.
D
ONALDS, Mr. BAUMGARTNER, Ms. MALLIOTAKIS, Mr. CRAWFORD, Mr.
L
UTTRELL, Mr. DUNNof Florida, Mr. MASSIE, Mr. MAST, Mr. ROGERS
of Kentucky, Mr. C
ARTERof Texas, Mr. HUDSON, Mr. GOLDMANof New
York, and Mr. J
OYCEof Ohio) 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 and generation-skipping transfer taxes.
Be it enacted by the Senate and House of Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. SHORT TITLE. 3
This Act may be cited as the ‘‘Death Tax Repeal 4
Act’’. 5
SEC. 2. REPEAL OF ESTATE AND GENERATION-SKIPPING 6
TRANSFER TAXES. 7
(a) E
STATETAXREPEAL.— 8
(1) I
N GENERAL.—Subchapter C of chapter 11 9
of subtitle B of the Internal Revenue Code of 1986 10
is amended by adding at the end the following new 11
section: 12
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‘‘SEC. 2210. TERMINATION. 1
‘‘(a) I
NGENERAL.—Except as provided in subsection 2
(b), this chapter shall not apply to the estates of decedents 3
dying on or after the date of the enactment of the Death 4
Tax Repeal Act. 5
‘‘(b) C
ERTAINDISTRIBUTIONSFROMQUALIFIED 6
D
OMESTICTRUSTS.—In applying section 2056A with re-7
spect to the surviving spouse of a decedent dying before 8
the date of the enactment of the Death Tax Repeal Act— 9
‘‘(1) section 2056A(b)(1)(A) shall not apply to 10
distributions made after the 10-year period begin-11
ning on such date, and 12
‘‘(2) section 2056A(b)(1)(B) shall not apply on 13
or after such date.’’. 14
(2) C
LERICAL AMENDMENT .—The table of sec-15
tions for subchapter C of chapter 11 of the Internal 16
Revenue Code of 1986 is amended by adding at the 17
end the following new item: 18
‘‘Sec. 2210. Termination.’’.
(b) GENERATION-SKIPPINGTRANSFERTAXRE-19
PEAL.— 20
(1) I
N GENERAL.—Subchapter G of chapter 13 21
of subtitle B of such Code is amended by adding at 22
the end the following new section: 23
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•HR 1301 IH
‘‘SEC. 2664. TERMINATION. 1
‘‘This chapter shall not apply to generation-skipping 2
transfers on or after the date of the enactment of the 3
Death Tax Repeal Act.’’. 4
(2) C
LERICAL AMENDMENT .—The table of sec-5
tions for subchapter G of chapter 13 of such Code 6
is amended by adding at the end the following new 7
item: 8
‘‘Sec. 2664. Termination.’’.
(c) CONFORMINGAMENDMENTS RELATED TOGIFT 9
T
AX.— 10
(1) C
OMPUTATION OF GIFT TAX .—Subsection 11
(a) of section 2502 of the Internal Revenue Code of 12
1986 is amended to read as follows: 13
‘‘(a) C
OMPUTATION OFTAX.— 14
‘‘(1) I
N GENERAL.—The tax imposed by section 15
2501 for each calendar year shall be an amount 16
equal to the excess of— 17
‘‘(A) a tentative tax, computed under para-18
graph (2), on the aggregate sum of the taxable 19
gifts for such calendar year and for each of the 20
preceding calendar periods, over 21
‘‘(B) a tentative tax, computed under para-22
graph (2), on the aggregate sum of the taxable 23
gifts for each of the preceding calendar periods. 24
‘‘(2) R
ATE SCHEDULE.— 25
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•HR 1301 IH
‘‘If the amount with respect
to which the tentative tax
to be computed is: The tentative tax is:
Not over $10,000 .......................... 18% of such amount.
Over $10,000 but not over
$20,000.
$1,800, plus 20% of the excess over
$10,000.
Over $20,000 but not over
$40,000.
$3,800, plus 22% of the excess over
$20,000.
Over $40,000 but not over
$60,000.
$8,200, plus 24% of the excess over
$40,000.
Over $60,000 but not over
$80,000.
$13,000, plus 26% of the excess over
$60,000.
Over $80,000 but not over
$100,000.
$18,200, plus 28% of the excess over
$80,000.
Over $100,000 but not over
$150,000.
$23,800, plus 30% of the excess over
$100,000.
Over $150,000 but not over
$250,000.
$38,800, plus 32% of the excess of
$150,000.
Over $250,000 but not over
$500,000.
$70,800, plus 34% of the excess over
$250,000.
Over $500,000 ............................... $155,800, plus 35% of the excess of
$500,000.’’.
(2) LIFETIME GIFT EXEMPTION .— 1
(A) I
N GENERAL.—Paragraph (1) of sec-2
tion 2505(a) of the Internal Revenue Code of 3
1986 is amended to read as follows: 4
‘‘(1) the amount of the tentative tax which 5
would be determined under the rate schedule set 6
forth in section 2502(a)(2) if the amount with re-7
spect to which such tentative tax is to be computed 8
were $10,000,000, reduced by’’. 9
(B) I
NFLATION ADJUSTMENT .—Section 10
2505 of such Code is amended by adding at the 11
end the following new subsection: 12
‘‘(d) I
NFLATIONADJUSTMENT.— 13
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‘‘(1) IN GENERAL.—In the case of any calendar 1
year after 2011, the dollar amount in subsection 2
(a)(1) shall be increased by an amount equal to— 3
‘‘(A) such dollar amount, multiplied by 4
‘‘(B) the cost-of-living adjustment deter-5
mined under section 1(f)(3) for such calendar 6
year by substituting ‘calendar year 2010’ for 7
‘calendar year 2016’ in subparagraph (A)(ii) 8
thereof. 9
‘‘(2) R
OUNDING.—If any amount as adjusted 10
under paragraph (1) is not a multiple of $10,000, 11
such amount shall be rounded to the nearest mul-12
tiple of $10,000.’’. 13
(3) O
THER CONFORMING AMENDMENTS RE -14
LATED TO GIFT TAX.— 15
(A) The heading for section 2505 of such 16
Code is amended by striking ‘‘
UNIFIED’’. 17
(B) The item in the table of sections for 18
subchapter A of chapter 12 of such Code relat-19
ing to section 2505 is amended to read as fol-20
lows: 21
‘‘Sec. 2505. Credit against gift tax.’’.
(C) Section 2801(a)(1) of such Code is 22
amended by striking ‘‘section 2001(c) as in ef-23
fect on the date of such receipt’’ and inserting 24
‘‘section 2502(a)(2)’’. 25
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(d) EFFECTIVEDATE.—The amendments made by 1
this section shall apply to estates of decedents dying, gen-2
eration-skipping transfers, and gifts made, on or after the 3
date of the enactment of this Act. 4
(e) T
RANSITIONRULE.— 5
(1) I
N GENERAL.—For purposes of applying 6
sections 1015(d), 2502, and 2505 of the Internal 7
Revenue Code of 1986, the calendar year in which 8
this Act is enacted shall be treated as two separate 9
calendar years one of which ends on the day before 10
the date of the enactment of this Act and the other 11
of which begins on such date of enactment. 12
(2) A
PPLICATION OF SECTION 2504(b).—For 13
purposes of applying section 2504(b) of the Internal 14
Revenue Code of 1986, the calendar year in which 15
this Act is enacted shall be treated as one preceding 16
calendar period. 17
Æ
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