United States Congress
Estate Tax Rate Reduction Act
April 15, 2024
Summary
H.R. 7993 is a proposed federal tax bill that would reduce the estate, gift, and generation-skipping transfer tax rate to a flat 20% (from the current graduated schedule). It is not a mortgage regulation and has no direct compliance impact on mortgage lenders, brokers, or servicers. The bill is pending in the House and is not enacted law.
AI-generated summary · Sep 8, 2026. Verify with your compliance counsel before acting.
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Source: https://www.congress.gov/bill/118th-congress/hr-bill/7993
Common questions
- What does "Estate Tax Rate Reduction Act" cover?
- H.R. 7993 is a proposed federal tax bill that would reduce the estate, gift, and generation-skipping transfer tax rate to a flat 20% (from the current…
- Which agency issued this update?
- This update was issued by United States Congress.
- When was it published?
- It was published on April 15, 2024.