S.2242 - Death Tax Repeal Permanency Act of 2012

A bill to amend the Internal Revenue Code of 1986 to repeal the estate and generation-skipping transfer taxes, and for other purposes. view all titles (2)

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All Bill Titles

  • Official: A bill to amend the Internal Revenue Code of 1986 to repeal the estate and generation-skipping transfer taxes, and for other purposes. as introduced.
  • Short: Death Tax Repeal Permanency Act of 2012 as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
03/27/12
 
 
 
 
 
 
 

Official Bill Text Comment on about 7 Pages

Sponsor

Senator

John Thune

R-SD

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Official Summary

3/28/2012--Introduced.Death Tax Repeal Permanency Act of 2012 - Amends the Internal Revenue Code to: (1) repeal the estate and generation-skipping transfer taxes, and (2) make permanent the maximum 35% gift tax rate and a $5 million lifetime gift tax exemption.
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Official Summary

3/28/2012--Introduced.Death Tax Repeal Permanency Act of 2012 - Amends the Internal Revenue Code to:
(1) repeal the estate and generation-skipping transfer taxes, and
(2) make permanent the maximum 35% gift tax rate and a $5 million lifetime gift tax exemption.

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