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Repeal of Estate and Generation-Skipping Transfer Taxes, Gift Tax Modifications

This act repeals the federal estate tax and the generation-skipping transfer tax for decedents dying or transfers made on or after the date of enactment. It also modifies the gift tax calculation, setting the lifetime gift exemption base amount to $10 million, subject to inflation adjustments.
Key points
Repeal of the federal estate tax for estates of decedents dying on or after the date of enactment.
Repeal of the federal generation-skipping transfer tax.
Modification of the gift tax calculation, setting the lifetime gift exemption base at $10 million with inflation adjustments.
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Status:
Expired
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Additional Information
Death Tax Repeal Act of 2021
Print number: S 617
Sponsor: Sen. Thune, John [R-SD]
Process start date: 2021-03-09
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Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
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Summary & Status

Key Questions about Repeal of Estate and Generation-Skipping Transfer Taxes, Gift Tax Modifications

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is S 617.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-03-09.

What are the main provisions?

Key points include:

  • Repeal of the federal estate tax for estates of decedents dying on or after the date of enactment.
  • Repeal of the federal generation-skipping transfer tax.
  • Modification of the gift tax calculation, setting the lifetime gift exemption base at $10 million with inflation adjustments.

What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Thune, John [R-SD].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

Analysis and Potential Impact of S 617

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

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