United States · Bill · S
S. 1627 (117th)
Estate Tax Rate Reduction Act
Introduced
13 May 2021
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
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Subjects
Discovery layer
Source updated
10 January 2026
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.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 13 May 2021
Introduced in Senate (PDF)
Introduced in Senate · EN · 13 May 2021
Introduced in Senate
summary · EN · 13 May 2021
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/117th-congress/senate-bill/1627
- Open data entity: https://api.congress.gov/v3/bill/117/s/1627