This week, I cosponsored the Death Tax Repeal Act of 2023. 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.
Repealing this burdensome estate tax will drive job creation, grow the economy, and shield families from this unfair high tax burden that results from the loss of a loved one. Families across Idaho who have worked hard to build up a successful farm or small business should not be punished by our tax code. I am proud to cosponsor this legislation and protect Idahoans from outrageous tax hikes.