United States · Bill · S
S. 3638 (115th)
Estate Tax Rate Reduction Act
Introduced
15 November 2018
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
11 August 2025
Summary
Estate Tax Rate Reduction Act This bill amends the Internal Revenue Code to reduce 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 · EN · 15 November 2018
Introduced in Senate (PDF)
Introduced in Senate · EN · 15 November 2018
Introduced in Senate
summary · EN · 15 November 2018
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/115th-congress/senate-bill/3638
- Open data entity: https://api.congress.gov/v3/bill/115/s/3638