Bill Introduced To Repeal Estate Tax

Bill introduced to repeal estate tax

Reps. Kristi Noem, R-S.D., and Sanford Bishop, D-GA., introduced legislation on Jan. 24, 2017, to repeal the estate tax, which some refer to as the death tax.
The American Farm Bureau Federation endorsed the repeal, saying it’s needed to aid farm and ranch families as they pass their farms to the next generation.
“These family-run businesses need a tax code that encourages investment, rather than one that punishes their success,” said AFBF president Zippy Duvall. “We believe that repeal of the estate tax offers the best solution to protect farms, ranches and all family-owned businesses from the estate tax.”
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