HR 1466 IH

106th CONGRESS

1st Session

H. R. 1466

To amend the Internal Revenue Code of 1986 to repeal estate, gift, and generation-skipping transfer taxes.

IN THE HOUSE OF REPRESENTATIVES

April 15, 1999

Mr. SANDLIN 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 estate, gift, and generation-skipping transfer taxes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the `Death Tax Elimination Act'.

SEC. 2. REPEAL OF ESTATE, GIFT, AND GENERATION-SKIPPING TRANSFER TAXES.

(a) REPEAL OF ESTATE, GIFT, AND GENERATION-SKIPPING TRANSFER TAXES- Subtitle B of the Internal Revenue Code of 1986 is hereby repealed.

(b) EFFECTIVE DATE- The repeal made by subsection (a) shall apply to the estates of decedents dying, and gifts and generation-skipping transfers made, after December 31, 1998.

END