Vote Smart's Synopsis:

Vote to pass a bill that repeals the estate tax and the generation-skipping transfer tax, effective on the date of enactment of this bill.

Highlights:

• Repeals the tax imposed on the transfer of a taxable estate of a deceased individual (Sec. 2).

• Repeals the tax imposed on the transfer of an interest in property held in a trust to an individual who is 2 or more generations below the generation of the transferor (Sec. 2).

Full Bill Text

Full Bill Text