Estate Tax Rate Reduction Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 601 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 601 To amend the Internal Revenue Code of 1986 to reduce the rate of tax on estates, gifts, and generation-skipping transfers. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES January 22, 2025 Mr. Arrington (for himself and Mr. Bishop) introduced the following bill; which was 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 _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to reduce the rate of tax on estates, gifts, and generation-skipping transfers. 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 ``Estate Tax Rate Reduction Act''. SEC. 2. REDUCTION OF RATE OF TAX ON ESTATE…