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- H.R.5872
H.R.5872: American Solution for Simplifying the Estate Tax Act of 2014
About This Bill
- Introduced Dec. 11, 2014
- Latest Major Action Dec. 12, 2014
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
American Solution for Simplifying the Estate Tax Act of 2014 - Amends the Internal Revenue to: (1) allow taxpayers an election to make annual payments of 1% of their adjusted gross income for a minimum seven-year period in lieu of existing estate and generation-skipping transfer taxes, and (2) allow a step-up in basis for estate property of a taxpayer making an election under this Act. Sets forth requirements for the filing of an estate tax...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Dec. 11, 2014 |
Referred to the House Committee on Ways and Means.
|
Dec. 11, 2014 |
Introduced in the House by Andy Harris (R-Md.) |