US SB47 | 2017-2018 | 115th Congress
Status
Spectrum: Partisan Bill (Republican 5-0)
Status: Introduced on January 5 2017 - 25% progression, died in committee
Action: 2017-01-05 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 5 2017 - 25% progression, died in committee
Action: 2017-01-05 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Protect Family Farms and Businesses Act This bill prohibits proposed Internal Revenue Service regulations published on August 4, 2016, relating to restrictions on liquidation of an interest with respect to estate, gift, and generation-skipping transfer taxes from taking effect. The bill prohibits funds from being used to finalize, implement, administer, or enforce the proposed regulations or any substantially similar regulations.
Title
Protect Family Farms and Businesses Act
Sponsors
| Sen. Marco Rubio [R-FL] | Sen. Deb Fischer [R-NE] | Sen. Jerry Moran [R-KS] | Sen. Jeff Flake [R-AZ] |
| Sen. Pat Roberts [R-KS] |
History
| Date | Chamber | Action |
|---|---|---|
| 2017-01-05 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB308 (Same As) 2017-01-05 - Referred to the House Committee on Ways and Means.
Subjects
Administrative law and regulatory procedures
Department of the Treasury
Internal Revenue Service (IRS)
Tax administration and collection, taxpayers
Taxation
Transfer and inheritance taxes
Department of the Treasury
Internal Revenue Service (IRS)
Tax administration and collection, taxpayers
Taxation
Transfer and inheritance taxes
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/115th-congress/senate-bill/47/all-info |
| Text | https://www.congress.gov/115/bills/s47/BILLS-115s47is.pdf |
