S 176 · 116th Congress 2019–2021, ended

Estate Tax Rate Reduction Act

Introduced Jan 17, 2019 Originated Senate Sponsor Tom Cotton R-AR

Fact sheet

Latest action · Jan 17, 2019 Read twice and referred to the Committee on Finance.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

IntroducedJan 17, 2019
Passed SenateNot reached
Passed HouseNot reached
To the PresidentNot reached
Became lawNot reached

Summary

Estate Tax Rate Reduction Act

This bill reduces the rate for the tax on estates, gifts, and generation-skipping transfers to 20%. (Under current law, the highest rate is 40%.)

The bill also exempts the budgetary effects of the tax reduction from the Pay-As-You-Go (PAYGO) rules established by the Statutory Pay-As-You-Go Act of 2010 and the FY2018 congressional budget resolution.

Cosponsors 4

Members who signed on, in the order they did. Signatures ran from Jan 17, 2019 to Jul 30, 2019, with 3 there on the day it was introduced.

Seat	Cosponsor		Signed on
R-AR	John Boozman	Original	Jan 17, 2019
R-IA	Joni Ernst	Original	Jan 17, 2019
R-MO	Roy Blunt	Original	Jan 17, 2019
R-TN	Marsha Blackburn		Jul 30, 2019

Actions 2

Everything that happened, newest first.

Jan 17, 2019Introduced in Senate
Jan 17, 2019Read twice and referred to the Committee on Finance.

Related bills 1

Companion bills and other measures the record links to this one.

Bill	Title	Relationship	Latest action
HR 5652	Estate Tax Rate Reduction Act	Identical bill	Jan 17, 2020

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

Jan 17, 2019Introduced in Senate

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.