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United States · Bill · HR

H.R. 4996 (114th)

Sensible Estate Tax Act of 2016

referredUnited States· United States Congress· EN

Introduced

20 April 2016

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

12 August 2025

Summary

Sensible Estate Tax Act of 2016 This bill amends the Internal Revenue Code to modify the estate and gift taxes. For the estate tax, the bill increases the rates and decreases the amount that is excluded from the tax. For the gift tax, the bill establishes a separate lifetime exclusion amount. (Under current law, the estate and gift taxes share a unified exclusion amount.)

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Documents

3 official files

Introduced in House (text)

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