To amend the Internal Revenue Code of 1986 to repeal the estate and generation-skipping transfer taxes, and for other purposes.
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 Death Tax Repeal Act of 2023, requires repeal of estate and generation-skipping transfer taxes Subchapter C of chapter 11 of subtitle B of the Internal Revenue Code of 1986 is amended by adding at the end the following new section, and sets termination rules for the temporary authority or funding. It relies on tax rate changes, compliance mandates, exemptions, and definition changes. The main policy areas are Regulated Industries and Environment.
Who Benefits and How
Regulated entities and members of the public affected by the bill could face lower compliance burdens and Public beneficiaries or protected communities affected by the clause could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties and Environmental and public health interests affected by the bill would take on compliance duties.
Key Provisions
- Repeals short title This Act may be cited as the Death Tax Repeal Act of 2023.
- Requires repeal of estate and generation-skipping transfer taxes Subchapter C of chapter 11 of subtitle B of the Internal Revenue Code of 1986 is amended by adding at the end the following new section...
- Sets termination rules for the temporary authority or funding.
- Requires modifications of gift tax Subsection (a) of section 2502 of the Internal Revenue Code of 1986 is amended to read as follows: (a)Computation of tax(1)In generalThe tax imposed by section 2501 for each calendar...
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 Death Tax Repeal Act of 2023, requires repeal of estate and generation-skipping transfer taxes Subchapter C of chapter 11 of subtitle B of the Internal Revenue Code of 1986 is amended by adding at the end the following new section, and sets termination rules for the temporary authority or funding.
Key Policy Areas
Regulated Industries, Environment
Primary Purpose
The bill repeals short title This Act may be cited as the Death Tax Repeal Act of 2023, requires repeal of estate and generation-skipping transfer taxes Subchapter C of chapter 11 of subtitle B of the Internal Revenue Code of 1986 is amended by adding at the end the following new section, and sets termination rules for the temporary authority or funding.
Policy Domains
Whole bill
Identified Gains
- Regulated entities and members of the public affected by the bill
- Public beneficiaries or protected communities affected by the clause
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Environmental and public health interests affected by the bill
Sponsors
Legislative Progress
IntroducedMr. Thune (for himself, Mr. Barrasso, Mrs. Blackburn, Mr. Boozman, …
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?
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