United States · Bill · HR
H.R. 7993 (118th)
Estate Tax Rate Reduction Act
Introduced
15 April 2024
Last action
15 April 2024 · Introduced
Status
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.
Sponsors
Rep. Arrington, Jodey C. [R-TX-19], Rep. Bishop, Sanford D. [D-GA-2]
Subjects
Taxation, Budget
Source updated
27 May 2025
Summary
Estate Tax Rate Reduction Act This bill reduces the rate for the tax on estates, gifts, and generation-skipping transfers to 20%. (Under current law, the highest rate is 40%.) The bill also exempts the budgetary effects of the tax reduction from the Pay-As-You-Go (PAYGO) rules established by the Statutory Pay-As-You-Go Act of 2010 and the FY2018 congressional budget resolution.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
15 April 2024
Introduced
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.
Source: IntroReferral
15 April 2024
Introduced
Introduced in House
Source: IntroReferral
15 April 2024
Introduced
Introduced in House
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in House · 15 April 2024 · Download file
Documents
3 official files
Introduced in House (text)
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Introduced in House (text)
Introduced in House · EN · 15 April 2024
Introduced in House (PDF)
Introduced in House · EN · 15 April 2024
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Introduced in House
summary · EN · 15 April 2024
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Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Rep. Arrington, Jodey C. [R-TX-19] · R · Sponsor
- Rep. Bishop, Sanford D. [D-GA-2] · D · Cosponsor
- · hsbu00 · Standing
- · hswm00 · Standing
Related records
- related to ← Estate Tax Rate Reduction Act
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/118th-congress/house-bill/7993
- Open data entity: https://api.congress.gov/v3/bill/118/hr/7993
- us · 118-hr-7993 · source updated 27 May 2025