Bill Detail
H.R. 5872
Congress: 113
Title
American Solution for Simplifying the Estate Tax Act of 2014
Summary
American Solution for Simplifying the Estate Tax Act of 2014 - Amends the Internal Revenue to: (1) allow taxpayers an election to make annual payments of 1% of their adjusted gross income for a minimum seven-year period in lieu of existing estate and generation-skipping transfer taxes, and (2) allow a step-up in basis for estate property of a taxpayer making an election under this Act. Sets forth requirements for the filing of an estate tax return for taxpayers who have made an election under this Act.
Sponsor
Rep. Andy Harris [R-MD-1]
Status
Sponsor introductory remarks on measure. (CR E1807-1808)
Status as of Jun 19, 8:43 AM · synced 11d ago
Introduced
2014-12-11
Data source mode: congress-gov
Bill Engagement
American Solution for Simplifying the Estate Tax Act of 2014 - Amends the Internal Revenue to: (1) allow taxpayers an election to make annual payments of 1% of their adjusted gr…