US HB3508 | 2015-2016 | 114th Congress
Status
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on September 15 2015 - 25% progression, died in committee
Action: 2015-09-15 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on September 15 2015 - 25% progression, died in committee
Action: 2015-09-15 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
American Solution for Simplifying the Estate Tax Act of 2015 This bill amends the Internal Revenue Code to: (1) allow taxpayers an election to make annual payments of 1% of their modified adjusted gross income for a minimum seven-year period in lieu of existing estate and generation-skipping transfer taxes, (2) allow a step-up in basis for estate property of a taxpayer making an election under this Act, and (3) set forth requirements for the filing of an estate tax return by taxpayers who have made an election under this Act.
Title
American Solution for Simplifying the Estate Tax Act of 2015
Sponsors
| Rep. Andy Harris [R-MD] | Rep. Alexander Mooney [R-WV] | Rep. Don Beyer [D-VA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2015-09-15 | House | Referred to the House Committee on Ways and Means. |
| 2015-09-15 | House | Introduced in House |
Subjects
Tax administration and collection, taxpayers
Tax reform and tax simplification
Taxation
Transfer and inheritance taxes
Tax reform and tax simplification
Taxation
Transfer and inheritance taxes
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/114th-congress/house-bill/3508/all-info |
| Text | https://www.congress.gov/114/bills/hr3508/BILLS-114hr3508ih.pdf |
