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![handle is hein.usccsset/usconset60289 and id is 1 raw text is: AUT-ENTICATED
US. GOVERNMENT
INFORMATION
GP
114TH CONGRESS REPORT
1st Session HOUSE OF REPRESENTATIVES 114-52
DEATH TAX REPEAL ACT OF 2015
APRIL 6, 2015.-Committed to the Committee of the Whole House on the State of
the Union and ordered to be printed
Mr. RYAN of Wisconsin, from the Committee on Ways and Means,
submitted the following
REPORT
together with
DISSENTING VIEWS
[To accompany H.R. 1105]
[Including cost estimate of the Congressional Budget Office]
The Committee on Ways and Means, to whom was referred the
bill (H.R. 1105) to amend the Internal Revenue Code of 1986 to re-
peal the estate and generation-skipping transfer taxes, and for
other purposes, having considered the same, report favorably there-
on with an amendment and recommend that the bill as amended
do pass.
CONTENTS
Page
I. SUMMARY AND BACKGROUND ............................................................. 4
A. Purpose and Sum m ary ..................................................................... 4
B. Background and Need for Legislation ............................................. 4
C. Legislative H istory ........................................................................... 4
II. EXPLANATION OF THE BILL ................................................................... 5
A. Repeal of the Estate and Generation-Skipping Transfer Taxes
and Modifications to the Gift Tax (secs. 2 and 3 of the bill,
secs. 2502, 2505, and 2511 of the Code, and new secs. 2210
and 2664 of the Code) .................................................................... 5
III. VOTES OF THE COMM ITTEE .................................................................... 15
IV. BUDGET EFFECTS OF THE BILL ........................................................... 15
A. Committee Estimate of Budgetary Effects ...................................... 15
B. Statement Regarding New Budget Authority and Tax Expendi-
tures Budget Authority .................................................................. 17
C. Cost Estimate Prepared by the Congressional Budget Office ....... 17
V. OTHER MATTERS TO BE DISCUSSED UNDER THE RULES OF
TH E H O U SE .............................................................................................. 20
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