American Solution for Simplifying the Estate Tax Act of 2014

Summary

American Solution for Simplifying the Estate Tax Act of 2014 - Amends the Internal Revenue to: (1) allow taxpayers an election to make annual payments of 1% of their adjusted gross income for a minimum seven-year period in lieu of existing estate and generation-skipping transfer taxes, and (2) allow a step-up in basis for estate property of a taxpayer making an election under this Act. Sets forth requirements for the filing of an estate tax return for 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 · 11 December 2014

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• Introduced in House (PDF)

  Introduced in House · EN · 11 December 2014

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• Introduced in House

  summary · EN · 11 December 2014

  Open at official source

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