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End of Estate Tax: No More Inheritance Fees

This bill aims to completely eliminate the federal estate tax, meaning assets passed down after death will no longer be subject to additional charges. This ensures heirs receive the full value of inherited property without federal tax deductions. The change applies to estates of individuals dying after December 31, 2022.
Key points
Elimination of the federal estate tax, meaning no more fees on inherited wealth.
Heirs will retain the full value of inherited assets, without tax deductions.
Changes are effective for estates of individuals dying after December 31, 2022.
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Additional Information
Print number: 118_HR_338
Sponsor: Rep. Latta, Robert E. [R-OH-5]
Process start date: 2023-01-12
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Permanently Repeal the Estate Tax Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_338.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-01-12.

What are the main provisions?

Key points include:

  • Elimination of the federal estate tax, meaning no more fees on inherited wealth.
  • Heirs will retain the full value of inherited assets, without tax deductions.
  • Changes are effective for estates of individuals dying after December 31, 2022.
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 Rep. Latta, Robert E. [R-OH-5].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Taxes Family