House Makes Fourth Attempt at GRATs

In the recurring battle over the GRAT provision, on July 30 Ways and Means Committee leaders introduced and sent to the floor a third small business bill (HR 5982) including the harmful provision. The measure has been added to the suspension calendar, which means the House would need a 2/3 majority to pass the bill. This is the fourth attempt by House leaders to use the GRAT provision as a revenue raiser to offset the cost of legislation unrelated to estate tax relief. Policy and Taxation Group continues to push against the inclusion of estate tax revenue raisers in legislation unrelated to estate tax relief.


















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