Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Taxation
Why This Matters
This bill lowers the tax rate on estates, gifts, and generation-skipping transfers to 20%, making it easier for families to inherit wealth.
If you inherit money or property, this bill could mean you pay less in taxes.
