H.R. 338 - Permanently Repeal the Estate Tax Act of 2023

118TH CONGRESS
1ST SESSION

H.R. 338

To amend the Internal Revenue Code of 1986 to repeal
the estate tax and retain stepped-up basis at death.

IN THE HOUSE OF REPRESENTATIVES

JANUARY 12, 2023

Mr. LATTA (for himself, Mr. CRAWFORD, Mrs. MILLER of Illinois,
Mr. SMITH of New Jersey, Mr. JOHNSON of Ohio, Mrs. WAGNER,
Mr. HUNT, and Mr. COLE) introduced the following bill;
which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to repeal the estate tax and retain stepped-up basis at death.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the "Permanently Repeal the Estate Tax Act of 2023".

SEC. 2. 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Effective for estates of decedents dying after December 31, 2022, chapter 11 of the Internal Revenue Code of 1986 is repealed.