WASHINGTON—Idaho Congressman Mike Simpson cosponsored the Death Tax Repeal Act. This bill would permanently repeal the unfair death tax, providing relief to family-owned businesses, farms, and ranches from being hit by the hefty tax that occurs on the transfer of property or other assets from a deceased family member. 

This legislation is led by Rep. Feenstra (R-IA) with support from more than 170 cosponsors in the House of Representatives. This legislation is also supported by over 230 organizations.   

“The punishing and burdensome death tax has crushed Idaho family farms, ranches, and small businesses for too long," said Rep. Simpson, an original cosponsor. “Repealing the death tax will assist farmers, ranchers, small business owners, and grandparents who have worked their whole lives to pass something on from generation to generation. I am proud to cosponsor this critical bill to support Idaho's multi-generational farms and small businesses, grow the economy, and protect Idahoans from devastating tax hikes.”

“The death tax is an egregious double tax that unfairly targets American family farms and small businesses and directly threatens long-held farming traditions in rural Iowa and across the country. It is ridiculous that the federal government sends grieving families a massive tax bill when a loved one passes away,” said Rep. Feenstra. “I introduced the Death Tax Repeal Act to put an end to this double taxation, help our farmers and small business owners pass their businesses onto the next generation, and ensure that we can keep our family traditions alive across America. By permanently repealing the death tax, my bill will offer financial relief when it’s most needed and ensure that our families, farmers, and small businesses can keep more of their hard-earned money — just as it should be.”

U.S. Senate Majority Leader John Thune (R-SD) has introduced companion legislation in the U.S. Senate.

The full text of the legislation is available here.