Permanently Repeal the Estate Tax Act of 2021

Permanently Repeal the Estate Tax Act of 2021

This bill repeals the federal estate tax, effective for estates of decedents dying after December 31, 2020.

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 822 Introduced in House (IH)]

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117th CONGRESS
  1st Session
                                H. R. 822

To amend the Internal Revenue Code of 1986 to repeal the estate tax and 
                   retain stepped-up basis at death.


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                    IN THE HOUSE OF REPRESENTATIVES

                            February 4, 2021

    Mr. Latta (for himself, Mr. Long, and Mr. Gibbs) introduced the 
 following bill; which was referred to the Committee on Ways and Means

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                                 A BILL


 
To amend the Internal Revenue Code of 1986 to repeal the estate tax and 
                   retain stepped-up basis at death.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Permanently Repeal the Estate Tax 
Act of 2021''.

SEC. 2. REPEAL OF ESTATE TAX AND RETENTION OF BASIS STEP-UP.

    Effective for estates of decedents dying after December 31, 2020, 
chapter 11 of the Internal Revenue Code of 1986 is repealed.
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