HR 601
Estate Tax Rate Reduction Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 1:42 AM
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the Estate Tax Rate Reduction Act, proposes to lower the federal estate tax rate. Specifically, it reduces the rate used to calculate the estate tax to 20%, and makes changes to how the generation-skipping transfer tax is calculated. These changes would affect estate taxes, gifts, and generation-skipping transfers after December 31, 2024. The bill is designed to reduce the overall amount of revenue collected from these taxes.
Sponsors
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Primary sponsor
Cosponsors
Sanford D. Bishop
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