legislation: 115-s-3638
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| bill_id | congress | bill_type | bill_number | title | policy_area | introduced_date | latest_action_date | latest_action_text | origin_chamber | sponsor_name | sponsor_state | sponsor_party | sponsor_bioguide_id | cosponsor_count | summary_text | update_date | url |
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| 115-s-3638 | 115 | s | 3638 | Estate Tax Rate Reduction Act | Taxation | 2018-11-15 | 2018-11-15 | Read twice and referred to the Committee on Finance. | Senate | Sen. Kyl, Jon [R-AZ] | AZ | R | K000352 | 4 | Estate Tax Rate Reduction Act This bill amends the Internal Revenue Code to reduce the rate for the tax on estates, gifts, and generation-skipping transfers to 20%. (Under current law, the highest rate is 40%.) The bill also exempts the budgetary effects of the tax reduction from the Pay-As-You-Go (PAYGO) rules established by the Statutory Pay-As-You-Go Act of 2010 and the FY2018 congressional budget resolution. | 2023-01-11T13:40:56Z |