American Solution for Simplifying the Estate Tax Act of 2015

Summary

American Solution for Simplifying the Estate Tax Act of 2015 This bill amends the Internal Revenue Code to: (1) allow taxpayers an election to make annual payments of 1% of their modified adjusted gross income for a minimum seven-year period in lieu of existing estate and generation-skipping transfer taxes, (2) allow a step-up in basis for estate property of a taxpayer making an election under this Act, and (3) set forth requirements for the filing of an estate tax return by taxpayers who have made an election under this Act.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 15 September 2015

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• Introduced in House (PDF)

  Introduced in House · EN · 15 September 2015

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• Introduced in House

  summary · EN · 15 September 2015

  Open at official source

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