The House of Representatives passed H.R. 1105, the Death Tax Repeal Act of 2015 to permanently repeal the estate tax. The estate tax, also known as the death tax, is a 40 percent tax on an individual’s transfer of assets in excess of an exemption amount to the next generation at the time of his or her death. Earlier today, Congresswoman Lynn Jenkins (KS-02) submitted the following statement for the Congressional Record
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