,,ib  ,union ,cal5d> ,no4 #cc  #aad?    
,,congress  #a/ ,session  ,h4 ,r4 #aaje 
,report ,no4 #aad-eb  ,,9 ,,! ,,h\se ,,(
 ,,repres5tatives  ,febru>y #bf1 #bjae  
,mr4 ,brady ( ,texas 7= himself1 ,mr4   
,bi%op ( ,georgia1 ,mrs4 ,noem1 & ,mr4  
,nunes7 introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,ways & ,means
  ,april #f1 #bjae ,additional sponsors3
 ,mr4 ,mc,caul1 ,mr4 ,we/morel&1 ,mr4   
,mull91 ,mr4 ,jones1 ,mr4 ,la,malfa1    
,mr4 ,d5ham1 ,mr4 ,"y ( ,alaska1 ,mrs4  
,black1 ,mr4 ,"y ( ,indiana1 ,mr4       
,hultgr51 ,mr4 ,/ew>t1 ,mr4 ,h>p]1 ,mr4 
,blum1 ,mr4 ,pauls51 ,mr4 ,cram]1 ,mr4  
,massie1 ,mr4 ,meehan1 ,mr4 ,cook1 ,mr4 
,s*ock1 ,mr4 ,buck1 ,mr4 ,z9ke1 ,mr4    
,m>*ant1 ,mrs4 ,com/ock1 ,mr4 ,duffy1   
,mr4 ,gos>1 ,mr4 ,mess]1 ,mr4 ,hold+1   
,mr4 ,sam ,johnson ( ,texas1 ,mr4       
,tipton1 ,mrs4 ,lummis1 ,mr4 ,ribble1   
,ms4 ,j5k9s ( ,kansas1 ,mr4 ,coll9s (   
,new ,york1 ,mr4 ,smi? ( ,miss\ri1 ,mr4 
,walb]g1 ,mr4 ,conaway1 ,mrs4           
,blackburn1 ,mr4 ,williams1 ,mr4 ,web] (

 ,texas1 ,mr4 ,olson1 ,mr4 ,valadao1    
,mr4 ,coll9s ( ,georgia1 ,mr4 ,rei*]t1  
,mr4 ,roe ( ,t5nessee1 ,mr4 ,f>5?old1   
,mr4 ,rodney ,davis ( ,ill9ois1 ,mr4    
,rog]s ( ,alabama1 ,mr4 ,graves (       
,miss\ri1 ,mr4 ,craw=d1 ,mr4 ,de,santis1
 ,mr4 ,k9z+] ( ,ill9ois1 ,mr4 ,byrne1   
,mr4 ,re$1 ,mr4 ,latta1 ,mr4 ,smi? (    
,nebraska1 ,mr4 ,ross1 ,mr4 ,duncan (   
,t5nessee1 ,mr4 ,ad]holt1 ,mr4 ,k+ (    
,i[a1 ,mrs4 ,wagn]1 ,mr4 ,bo/1 ,mr4     
,%imkus1 ,mr4 ,gro?man1 ,mr4 ,neugebau]1
 ,mr4 ,kelly ( ,p5nsylvania1 ,mr4       
,lamborn1 ,mr4 ,culb]son1 ,mr4 ,*abot1  
,mr4 ,gu9ta1 ,mr4 ,cr5%aw1 ,mr4 ,"y (   
,i[a1 ,mr4 ,brooks ( ,alabama1 ,mr4     
,ro?fus1 ,mr4 ,jolly1 ,mr4 ,c>t] (      
,georgia1 ,mr4 ,?ornb]ry1 ,mr4 ,gibbs1  
,mr4 ,gu?rie1 ,mr4 ,h5s>l+1 ,mr4 ,trott1
 ,mr4 ,bu*anan1 ,mr4 ,hill1 ,mr4        
,co/ello ( ,p5nsylvania1 ,mr4 ,p]ry1    
,mr4 ,hurt ( ,virg9ia1 ,mr4 ,b>r1 ,mr4  
,pe>ce1 ,mr4 ,g[dy1 ,mr4 ,b\/any1 ,mr4  
,long1 ,mr4 ,w5/rup1 ,mr4 ,yod]1 ,mr4   
,poe ( ,texas1 ,mr4 ,mead[s1 ,mr4 ,hurd 

( ,texas1 ,mr4 ,r5acci1 ,mr4 ,lance1    
,mr4 ,calv]t1 ,mr4 ,flores1 ,mr4        
,?ompson ( ,p5nsylvania1 ,mr4 ,kl9e1    
,mr4 ,s*weik]t1 ,mr4 ,goodlatte1 ,mr4   
,hudson1 ,mr4 ,b>letta1 ,mr4 ,poliqu91  
,mr4 ,huiz5ga ( ,mi*igan1 ,mr4          
,frel+huys51 ,mr4 ,mc,clintock1 ,mr4    
,huelskamp1 ,mr4 ,emm] ( ,m9nesota1 ,mr4
 ,web/] ( ,florida1 ,mr4 ,bi%op ( ,utah1
 ,mr4 ,smi? ( ,new ,j]sey1 ,mr4 ,nug5t1 
,mr4 ,all51 ,mr4 ,h>dy1 ,mr4 ,ne:\se1   
,mr4 ,franks ( ,arizona1 ,mr4 ,jody ,b4 
,hice ( ,georgia1 ,mr4 ,pompeo1 ,ms4    
,/efanik1 ,mr4 ,b5i%ek1 ,mr4 ,curbelo ( 
,florida1 ,mr4 ,abraham1 ,mr4 ,c(fman1  
,mr4 ,/iv]s1 ,mr4 ,wilson ( ,s\?        
,c>ol9a1 ,mrs4 ,roby1 ,mr4 ,au/9 ,scott 
( ,georgia1 ,mr4 ,dold1 & ,mr4 ,womack  
,april #f1 #bjae ,report$ ) an am5dm5t1 
committ$ to ! ,committee ( ! ,:ole ,h\se
 on ! ,/ate ( ! ,union1 & ord]$ to be   
pr9t$ ,/rike out all aft] ! enact+      
clause & ins]t ! "p pr9t$ 9 italic ,=   
text ( introduc$ bill1 see copy ( bill z
 introduc$ on ,febru>y #bf1 #bjae  ,a   

,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to repeal ! e/ate &       
g5]ation-skipp+ transf] taxes1 & = o!r  
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,dea? ,tax ,repeal ,act (  
#bjae4  #b4 ,repeal ( e/ate &           
g5]ation-skipp+ transf] taxes  7a7      
,e/ate tax repeal ,sub*apt] ,c ( *apt]  
#aa ( subtitle ,b ( ! ,int]nal ,rev5ue  
,code ( #aihf is am5d$ by add+ at ! end 
! foll[+ new section3  #bbaj4 ,t]m9ation
  7a7 ,9 g5]al ,except z provid$ 9      
subsection 7b71 ?is *apt] %all n apply  
to ! e/ates ( dec$5ts dy+ on or aft] !  
date ( ! enactm5t ( ! ,dea? ,tax ,repeal
 ,act ( #bjae4  7b7 ,c]ta9 ,di/ributions
 ,f ,qualifi$ ,dome/ic ,tru/s ,9 apply+ 
section #bjef;,a ) respect to ! surviv+ 
sp\se ( a dec$5t dy+ be=e ! date ( !    
enactm5t ( ! ,dea? ,tax ,repeal ,act (  
#bjae--  7#a7 section                   
#bjef;,a7b77#a77;,a7 %all n apply to    
di/ributions made aft] ! #aj-ye> p]iod  
beg9n+ on su* date1 &  7#b7 section     
#bjef;,a7b77#a77;,b7 %all n apply on or 

aft] su* date4  4  7b7 ,g5]ation-,skipp+
 transf] tax repeal ,sub*apt] ,g ( *apt]
 #ac ( subtitle ,b ( su* ,code is am5d$ 
by add+ at ! end ! foll[+ new section3  
#bffd4 ,t]m9ation ,?is *apt] %all n     
apply to g5]ation-skipp+ transf]s on or 
aft] ! date ( ! enactm5t ( ! ,dea? ,tax 
,repeal ,act ( #bjae4  4  7c7 ,con=m+   
am5dm5ts  7#a7 ,! table ( sections =    
sub*apt] ,c ( *apt] #aa ( ! ,int]nal    
,rev5ue ,code ( #aihf is am5d$ by add+  
at ! end ! foll[+ new item3  ,sec4      
#bbaj4 ,t]m9ation4  4  7#b7 ,! table (  
sections = sub*apt] ,g ( *apt] #ac ( su*
 ,code is am5d$ by add+ at ! end !      
foll[+ new item3  ,sec4 #bffd4          
,t]m9ation4  4  7d7 ,effective ,date ,! 
am5dm5ts made by ?is section %all apply 
to ! e/ates ( dec$5ts dy+1 &            
g5]ation-skipp+ transf]s1 on or aft] !  
date ( ! enactm5t ( ?is ,act4  #c4      
,modifications ( gift tax  7a7          
,computation ( gift tax ,subsection 7a7 
( section #bejb ( ! ,int]nal ,rev5ue    
,code ( #aihf is am5d$ to read z foll[s3

  7a7 ,computation ( tax  7#a7 ,9 g5]al 
,! tax impos$ by section #beja = ea*    
cal5d> ye> %all be an am\nt equal to !  
excess (--  7,a7 a t5tative tax1 comput$
 "u p>agraph 7#b71 on ! aggregate sum ( 
! taxable gifts = su* cal5d> ye> & = ea*
 ( ! prec$+ cal5d> p]iods1 ov]  7,b7 a  
t5tative tax1 comput$ "u p>agraph 7#b71 
on ! aggregate sum ( ! taxable gifts =  
ea* ( ! prec$+ cal5d> p]iods4  7#b7     
,rate s*$ule  ,if ! am\nt ) respect to  
:i* ! t5tative tax to be comput$ is3,!  
t5tative tax is3 ,n ov] #aj1jjjah ( su* 
am\nt4 ,ov] #aj1jjj b n ov]             
#bj1jjja1hjj1 plus #bj ( ! excess ov]   
#aj1jjj4 ,ov] #bj1jjj b n ov]           
#dj1jjjc1hjj1 plus #bb ( ! excess ov]   
#bj1jjj4 ,ov] #dj1jjj b n ov]           
#fj1jjjh1bjj1 plus #bd ( ! excess ov]   
#dj1jjj4 ,ov] #fj1jjj b n ov]           
#hj1jjjac1jjj1 plus #bf ( ! excess ov]  
#fj1jjj4 ,ov] #hj1jjj b n ov]           
#ajj1jjjah1bjj1 plus #bh ( ! excess ov] 
#hj1jjj4 ,ov] #ajj1jjj b n ov]          
#aej1jjjbc1hjj1 plus #cj ( ! excess ov] 

#ajj1jjj4 ,ov] #aej1jjj b n ov]         
#bej1jjjch1hjj1 plus #cb ( ! excess (   
#aej1jjj4 ,ov] #bej1jjj b n ov]         
#ejj1jjjgj1hjj1 plus #cd ( ! excess ov] 
#bej1jjj4 ,ov] #ejj1jjjaee1hjj1 plus #ce
 ( ! excess ( #ejj1jjj4  4  7b7         
,treatm5t ( c]ta9 transf]s 9 tru/       
,section #beaa ( ! ,int]nal ,rev5ue     
,code ( #aihf is am5d$ by add+ at ! end 
! foll[+ new subsection3  7c7 ,treatm5t 
( c]ta9 transf]s 9 tru/ ,not)/&+ any o!r
 provision ( ?is section & except z     
provid$ 9 regulations1 a transf] 9 tru/ 
%all be treat$ z a taxable gift "u      
section #bejc1 unless ! tru/ is treat$ z
 :olly own$ by ! donor or ! donor's     
sp\se "u subp>t ,e ( "p ,i ( sub*apt] ,j
 ( *apt] #a4  4  7c7 ,lifetime gift     
exemption  7#a7 ,9 g5]al ,p>agraph 7#a7 
( section #beje7;a7 ( ! ,int]nal ,rev5ue
 ,code ( #aihf is am5d$ to read z       
foll[s3  7#a7 ! am\nt ( ! t5tative tax  
:i* w\ld be det]m9$ "u ! rate s*$ule set
 =? 9 section #bejb7;a77#b7 if ! am\nt )
 respect to :i* su* t5tative tax is to  

be comput$ 7 #e1jjj1jjj1 r$uc$ by  4    
7#b7 ,inflation adju/m5t ,section #beje 
( su* ,code is am5d$ by add+ at ! end ! 
foll[+ new subsection3  7d7 ,inflation  
adju/m5t  7#a7 ,9 g5]al ,9 ! case ( any 
cal5d> ye> aft] #bjaa1 ! doll> am\nt 9  
subsection 7a77#a7 %all be increas$ by  
an am\nt equal to--  7,a7 su* doll>     
am\nt1 multipli$ by  7,b7 ! co/-(-liv+  
adju/m5t det]m9$ "u section #a7;f77#c7 =
 su* cal5d> ye> by sub/itut+ cal5d> ye> 
#bjaj = cal5d> ye> #aiib 9 subp>agraph  
7,b7 !re(4  7#b7 ,r\nd+ ,if any am\nt z 
adju/$ "u p>agraph 7#a7 is n a multiple 
( #aj1jjj1 su* am\nt %all be r\nd$ to ! 
ne>e/ multiple ( #aj1jjj4  4  7d7       
,con=m+ am5dm5ts  7#a7 ,! head+ =       
section #beje ( su* ,code is am5d$ by   
/rik+ ,unifi$4  7#b7 ,! item 9 ! table (
 sections = sub*apt] ,a ( *apt] #ab (   
su* ,code relat+ to section #beje is    
am5d$ to read z foll[s3  ,sec4 #beje4   
,cr$it aga9/ gift tax4  4  7#c7 ,section
 #bhja7;a77#a7 ( su* ,code is am5d$ by  
/rik+ section #bjja7;c7 z 9 effect on ! 

date ( su* receipt & ins]t+ section     
#bejb7;a77#b74  7e7 ,effective date ,!  
am5dm5ts made by ?is section %all apply 
to gifts made on or aft] ! date ( !     
enactm5t ( ?is ,act4  7f7 ,transition   
rule  7#a7 ,9 g5]al ,= purposes ( apply+
 sections #ajae7;d71 #bejb1 & #beje ( ! 
,int]nal ,rev5ue ,code ( #aihf1 ! cal5d>
 ye> 9 :i* ?is ,act is enact$ %all be   
treat$ z #b sep>ate cal5d> ye>s "o ( :i*
 ends on ! day be=e ! date ( ! enactm5t 
( ?is ,act & ! o!r ( :i* beg9s on su*   
date ( enactm5t4  7#b7 ,application (   
section #bejd7;b7 ,= purposes ( apply+  
section #bejd7;b7 ( ! ,int]nal ,rev5ue  
,code ( #aihf1 ! cal5d> ye> 9 :i* ?is   
,act is enact$ %all be treat$ z "o      
prec$+ cal5d> p]iod4  ,april #f1 #bjae  
,report$ ) an am5dm5t1 committ$ to !    
,committee ( ! ,:ole ,h\se on ! ,/ate ( 
! ,union1 & ord]$ to be pr9t$