Congressman Austin Scott of Georgia has proposed a bill that would alter existing gift and estate tax laws. The description of the bill reads as follows:
To amend the Internal Revenue Code of 1986 to increase the unified credit against the estate and gift tax and to simplify the estate and gift tax rates.
See the text of the bill at H.R. 3886, 115th Congress 2017-2018
Posted by Quinton Weinstein, Associate Editor, Wealth Strategies Journal