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Repeal of Federal Estate and Generation-Skipping Transfer Taxes

This Act eliminates the federal estate tax (often called the 'death tax') and the generation-skipping transfer tax. This means that assets passed down to heirs after the owner's death will not be subject to these federal levies. The changes apply to estates of decedents dying and transfers made on or after the date the Act becomes law.
Key points
Abolition of the federal Estate Tax for all decedents dying on or after the enactment date.
Abolition of the federal Generation-Skipping Transfer Tax.
Changes to the Gift Tax: establishment of a new maximum rate of 35% and a lifetime exemption base of $10 million (subject to inflation adjustment).
article Official text account_balance Process page
Introduced
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Additional Information
Print number: 119_HR_1301
Sponsor: Rep. Feenstra, Randy [R-IA-4]
Process start date: 2025-02-13
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Summarized by: gemini-3-pro-preview
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Death Tax Repeal Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1301.

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 2025-02-13.

What are the main provisions?

Key points include:

  • Abolition of the federal Estate Tax for all decedents dying on or after the enactment date.
  • Abolition of the federal Generation-Skipping Transfer Tax.
  • Changes to the Gift Tax: establishment of a new maximum rate of 35% and a lifetime exemption base of $10 million (subject to inflation adjustment).
What is the specific legal status?

The current status is Introduced.

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. Feenstra, Randy [R-IA-4].

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 2025-12-23.

CATEGORIES

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