Permanently Repeal the Estate Tax Act of 2023

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 338 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 338

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

                            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

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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 2023''.

SEC. 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chapter 11 of the Internal Revenue Code of 1986 is repealed.
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