South Dakota Estate Planning - Congress Considers Repeal of Federal Estate and Generation-Skipping Taxes

On April 16, 2015, the U.S. House passed H.R. 1105 by a 240-179 vote. The bill, titled the “Death Tax Repeal Act of 2015,” repeals the federal estate tax (FET) and the generation-skipping transfer tax (GSTT) for estates of decedents dying and generation-skipping transfers made after the date of enactment.

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