S. 1402 — Introduced in Senate

II 113th CONGRESS 1st Session S. 1402 IN THE SENATE OF THE UNITED STATES July 31, 2013 Mr. Boozman introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To repeal the Federal estate and gift taxes. 1. Short title This Act may be cited as the Death Tax Repeal Act. 2. Repeal of estate and gift taxes (a) In general Subtitle B of the Internal Revenue Code of 1986 (relating to estate, gift, and generation-skipping taxes) is hereby repealed. (b) Effective date The repeal made by subsection (a) shall apply to estates of decedents dying, gifts made, and generation-skipping transfers made after the date of the enactment of this Act.