,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #acja  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,febru>y #ac1         
#bjbe,mr4 ,fe5/ra 7= himself1 ,mr4      
,bi%op1 ,mr4 ,smi? ( ,miss\ri1 ,mr4     
,emm]1 ,mr4 ,bu*anan1 ,mr4 ,r\z]1 ,mr4  
,f9/ad1 ,mr4 ,fleis*mann1 ,mr4 ,amodei (
 ,nevada1 ,ms4 ,t5ney1 ,mr4 ,p]ry1 ,mr4 
,meus]1 ,mr4 ,/rong1 ,mr4 ,z9ke1 ,mr4   
,fitzg]ald1 ,mr4 ,la,hood1 ,mr4         
,mool5a>1 ,mr4 ,ellzey1 ,mr4 ,joyce (   
,p5nsylvania1 ,mr4 ,bilirakis1 ,mr4     
,clyde1 ,mr4 ,coll9s1 ,mrs4 ,h>%b>g]1   
,mr4 ,web] ( ,texas1 ,mr4 ,latta1 ,mr4  
,bo/1 ,ms4 ,de ,la ,cruz1 ,mr4 ,moore ( 
,utah1 ,mr4 ,cr5%aw1 ,mr4 ,/aub]1 ,mr4  
,ciscomani1 ,mr4 ,crane1 ,mr4 ,burlison1
 ,mrs4 ,mill] ( ,we/ ,virg9ia1 ,mr4     
,lawl]1 ,ms4 ,van ,duyne1 ,mr4 ,jackson 
( ,texas1 ,mr4 ,bab91 ,mrs4 ,wagn]1 ,ms4
 ,mace1 ,mr4 ,moore ( ,we/ ,virg9ia1    
,mrs4 ,cammack1 ,ms4 ,boeb]t1 ,mr4 ,fry1
 ,mr4 ,cl\d1 ,mr4 ,mc,cormick1 ,mr4     
,bacon1 ,mr4 ,issa1 ,mr4 ,pflug]1 ,mr4  
,roy1 ,mr4 ,mill] ( ,ohio1 ,mr4 ,c>t] ( 

,georgia1 ,mr4 ,smi? ( ,nebraska1 ,mr4  
,s*midt1 ,mr4 ,williams ( ,texas1 ,mr4  
,cl9e1 ,mr4 ,langwor?y1 ,mr4 ,smuck]1   
,mr4 ,ezell1 ,mr4 ,rog]s ( ,alabama1    
,mr4 ,d[n+1 ,mr4 ,scott ,frankl9 (      
,florida1 ,mr4 ,biggs ( ,arizona1 ,mr4  
,ru!r=d1 ,mr4 ,yakym1 ,mr4 ,edw>ds1 ,mr4
 ,mc,dowell1 ,mrs4 ,bice1 ,mr4 ,kelly ( 
,p5nsylvania1 ,mr4 ,b>rett1 ,mr4        
,g>b>9o1 ,mr4 ,baird1 ,mr4 ,van ,ord51  
,mr4 ,ku/(f1 ,mr4 ,?ompson (            
,p5nsylvania1 ,mr4 ,ne:\se1 ,mr4 ,self1 
,mr4 ,graves1 ,mr4 ,gill ( ,texas1 ,mr4 
,nunn ( ,i[a1 ,mr4 ,valadao1 ,ms4       
,letl[1 ,mr4 ,calv]t1 ,mr4 ,h]n (       
,oklahoma1 ,mr4 ,fallon1 ,mr4 ,ful*]1   
,ms4 ,foxx1 ,mr4 ,palm]1 ,mr4 ,gre5 (   
,t5nessee1 ,mr4 ,tiffany1 ,mr4 ,ogles1  
,mr4 ,moran1 ,mr4 ,mc,caul1 ,mr4 ,al=d1 
,mr4 ,gu?rie1 ,mr4 ,gue/1 ,mr4 ,higg9s (
 ,l\isiana1 ,mr4 ,evans ( ,colorado1    
,mrs4 ,mill]-,meeks1 ,mrs4 ,h9son1 ,mr4 
,griffi?1 ,mr4 ,womack1 ,mr4 ,kelly (   
,mississippi1 ,mr4 ,moore ( ,nor?       
,c>ol9a1 ,mr4 ,mc,clintock1 ,mr4 ,h>ris 

( ,nor? ,c>ol9a1 ,mr4 ,bald]son1 ,mrs4  
,h\*91 ,mr4 ,mann1 ,mr4 ,rulli1 ,mr4    
,wi$1 ,mr4 ,fong1 ,mr4 ,simpson1 ,mr4   
,/eube1 ,mr4 ,sessions1 ,mr4 ,bean (    
,florida1 ,mr4 ,murphy1 ,mr4 ,taylor1   
,mr4 ,crank1 ,mrs4 ,biggs ( ,s\?        
,c>ol9a1 ,ms4 ,maloy1 ,mr4 ,bresnahan1  
,mr4 ,com]1 ,mrs4 ,fis*ba*1 ,mr4        
,davidson1 ,mr4 ,van ,drew1 ,mr4 ,turn] 
( ,ohio1 ,mr4 ,c>ey1 ,mr4 ,hurd (       
,colorado1 ,mr4 ,mills1 ,mr4 ,rose1 ,mr4
 ,wilson ( ,s\? ,c>ol9a1 ,mr4 ,norman1  
,mr4 ,we/]man1 ,mr4 ,good51 ,mr4        
,/utzman1 ,mr4 ,au/9 ,scott ( ,georgia1 
,mr4 ,kiley ( ,cali=nia1 ,mr4           
,h>idopolos1 ,mr4 ,davis ( ,nor?        
,c>ol9a1 ,ms4 ,gre5e ( ,georgia1 ,mrs4  
,mill] ( ,ill9ois1 ,mr4 ,moore (        
,alabama1 ,mr4 ,all51 ,mr4 ,b]gman1 ,mr4
 ,des,jarlais1 ,mr4 ,flood1 ,mr4 ,h>ris 
( ,m>yl&1 ,mr4 ,b>r1 ,mr4 ,jordan1 ,mr4 
,messm]1 ,mr4 ,diaz-,bal>t1 ,mr4 ,gos>1 
,mr4 ,walb]g1 ,mr4 ,hill ( ,arkansas1   
,mr4 ,mc,guire1 ,mr4 ,arr+ton1 ,mr4     
,tony ,gonzales ( ,texas1 ,mr4 ,ad]holt1

 ,mr4 ,nehls1 ,ms4 ,f$or*ak1 ,mr4       
,begi*1 ,mr4 ,bur*ett1 ,mr4 ,donalds1   
,mr4 ,baumg>tn]1 ,ms4 ,malliotakis1 ,mr4
 ,craw=d1 ,mr4 ,luttrell1 ,mr4 ,dunn (  
,florida1 ,mr4 ,massie1 ,mr4 ,ma/1 ,mr4 
,rog]s ( ,k5tucky1 ,mr4 ,c>t] ( ,texas1 
,mr4 ,hudson1 ,mr4 ,goldman ( ,new      
,york1 & ,mr4 ,joyce ( ,ohio7 introduc$ 
! foll[+ bill2 :i* 0 ref]r$ to !        
,committee on ,ways & ,means  ,a ,,bill 
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to repeal ! e/ate &               
g5]ation-skipp+ transf] taxes4  #a4     
,%ort title ,?is ,act may be cit$ z !   
,dea? ,tax ,repeal ,act4  #b4 ,repeal ( 
e/ate & g5]ation-skipp+ transf] taxes   
7a7 ,e/ate tax repeal  7#a7 ,9 g5]al    
,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 ,act4   

7b7 ,c]ta9 ,di/ributions ,f ,qualifi$   
,dome/ic ,tru/s ,9 apply+ section       
#bjef;,a ) respect to ! surviv+ sp\se ( 
a dec$5t dy+ be=e ! date ( ! enactm5t ( 
! ,dea? ,tax ,repeal ,act--  7#a7       
section #bjef;,a7b77#a77;,a7 %all n     
apply to di/ributions made aft] !       
#aj-ye> p]iod beg9n+ on su* date1 &     
7#b7 section #bjef;,a7b77#a77;,b7 %all n
 apply on or aft] su* date4  4  7#b7    
,cl]ical am5dm5t ,! table ( sections =  
sub*apt] ,c ( *apt] #aa ( ! ,int]nal    
,rev5ue ,code ( #aihf is am5d$ by add+  
at ! end ! foll[+ new item3  ,sec4      
#bbaj4 ,t]m9ation4  4  7b7              
,g5]ation-,skipp+ transf] tax repeal    
7#a7 ,9 g5]al ,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 ,act4  4  7#b7 ,cl]ical am5dm5t 
,! table ( sections = sub*apt] ,g (     
*apt] #ac ( su* ,code is am5d$ by add+  

at ! end ! foll[+ new item3  ,sec4      
#bffd4 ,t]m9ation4  4  7c7 ,con=m+      
am5dm5ts relat$ to gift tax  7#a7       
,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  7#b7        
,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 
#aj1jjj1jjj1 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> #bjaf 9 subp>agraph  
7,a77ii7 !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 
7#c7 ,o!r con=m+ am5dm5ts relat$ to gift
 tax  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  7d7 ,effective date ,!  
am5dm5ts made by ?is section %all apply 
to e/ates ( dec$5ts dy+1 g5]ation-skipp+

 transf]s1 & gifts made1 on or aft] !   
date ( ! enactm5t ( ?is ,act4  7e7      
,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 two     
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