Permanently Repeal the Estate Tax Act of 2019

I 116TH CONGRESS 1ST SESSION H. R. 521 To amend the Internal Revenue Code of 1986 to repeal the estate tax and retain stepped-up basis at death. IN THE HOUSE OF REPRESENTATIVES JANUARY 11, 2019 Mr. LATTA (for himself, Mr. LONG, Mr. GOSAR, Mr. HICE of Georgia, Mr. DESJARLAIS, Mr. LAMALFA, Mr. GIBBS, Mr. KING of Iowa, and Mr. ARRINGTON) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to repeal the estate tax and retain stepped-up basis at death. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Permanently Repeal 4 the Estate Tax Act of 2019’’. 5 VerDate Sep 11 2014 01:21 Jan 26, 2019 Jkt 089200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H521.IH H521 pamtmann on DSKBFK8HB2PROD with BILLS 2 •HR 521 IH SEC. 2. REPEAL OF ESTATE TAX AND RETENTION OF BASIS 1 STEP-UP. 2 Effective for estates of decedents dying after Decem- 3 ber 31, 2018, chapter 11 of the Internal Revenue Code 4 of 1986 is repealed. 5 Æ VerDate Sep 11 2014 01:21 Jan 26, 2019 Jkt 089200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H521.IH H521 pamtmann on DSKBFK8HB2PROD with BILLS