To amend the Internal Revenue Code of 1986 to repeal the estate tax and retain stepped-up basis at death.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill repeals short title This Act may be cited as the Permanently Repeal the Estate Tax Act of 2023 and repeals repeal of estate tax and retention of basis step-up Effective for estates of decedents dying after December 31, 2022, chapter 11 of the Internal Revenue Code of 1986 is repealed. It relies on tax rate changes. The main policy areas are Regulated Industries.
Who Benefits and How
Regulated entities and members of the public affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
No clear private burden is identified from the available clause analysis; implementing agencies may still take on administrative work.
Key Provisions
- Repeals short title This Act may be cited as the Permanently Repeal the Estate Tax Act of 2023.
- Repeals repeal of estate tax and retention of basis step-up Effective for estates of decedents dying after December 31, 2022, chapter 11 of the Internal Revenue Code of 1986 is repealed.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill repeals short title This Act may be cited as the Permanently Repeal the Estate Tax Act of 2023 and repeals repeal of estate tax and retention of basis step-up Effective for estates of decedents dying after December 31, 2022, chapter 11 of the Internal Revenue Code of 1986 is repealed.
Key Policy Areas
Regulated Industries
Primary Purpose
The bill repeals short title This Act may be cited as the Permanently Repeal the Estate Tax Act of 2023 and repeals repeal of estate tax and retention of basis step-up Effective for estates of decedents dying after December 31, 2022, chapter 11 of the Internal Revenue Code of 1986 is repealed.
Policy Domains
Whole bill
Identified Gains
- Regulated entities and members of the public affected by the bill
Sponsors
Legislative Progress
IntroducedMr. Latta (for himself, Mr. Crawford, Mrs. Miller of Illinois, …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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