Letters to Washington
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January 23, 2025
Family Business Estate Tax Coalition Letter to Reps. Feenstra and Bishop on the Death Tax Repeal Act of 2025
On behalf of the Family Business Estate Tax Coalition (FBETC), we write to lend our support your legislation pending introduction, the Death Tax Repeal Act of 2025, to permanently repeal the estate tax. Historically, the FBETC has supported increased estate tax exemption thresholds indexed for inflation, permanent lower tax rates, and provisions for spousal transfer and steppedup basis. Additionally, the FBETC supported the temporary estate tax relief in the Tax Cuts and Jobs Act (TCJA), which doubled the exemption to approximately $12.9 million for tax year 2023 and indexed future increases for inflation through 2025.