• A maximum estate tax rate is 40 percent, effective January 1, 2013. While this is an increase from 2012’s 35 percent, it is sharply lower than the 55 percent rate that could have taken effect absent the legislation.  

  • The law permanently maintains the $5 million exemption amount, indexed to inflation. As of 2016, the inflation adjust amount is $5.45 million.


  • Unification:  The estate and gift taxes are permanently unified. This establishes a single graduated rate schedule for both the estate and gift taxes, simplifying estate planning.  


  • Spousal portability:  The law permanently allows couples to transfer any unused exemption to the surviving spouse under simplified rules.   

 
  • No harmful offsets—preserves valuation discounts, grantor-retained annuity trusts (GRATs) and state estate tax deductibility. 

Letters


Read the FBETC Letter in Support of Sen. Thune's Bill to Repeal the Estate Tax (6/19/13) 

Read the FBETC Letter in Support of Rep. Brady & Rep. McIntyre's Bill to Repeal the Estate Tax (6/19/13)


Read the FBETC Letter in Support of Sen. Thune's Amendment to Repeal the Estate Tax (3/21/13)

Read the FBETC Letter to Congressional Leadership Urging them to Take Action on the Estate Tax this year (11/15/2012)

Family Business Estate Tax Coalition Responds to President’s SOTU Tax Plan

News and Letters to Congress

FBETC Resource Guide


The FBETC Resource Guide

Estate Tax Coalition

Key provisions of current law include:

Please take a look at our list of resources below. It includes news articles, letters to Congress, and our FBETC Resource Guide.

Keep Informed