AICPA's Generation-Skipping Transfer Tax Proposal Included in House-Passed Estate Tax Reform Bill.

• Position: Brief Article

The estate tax repeal bill that the House of Representatives passed on Apr. 4 included the generation-skipping transfer tax proposal that the AICPA developed with the American Bar Association, the American Bankers Association and the American College of Trust and Estate Counsel. The bill, H.R. 8, is a cornerstone of President Bush's $1.6 trillion tax cut proposal. H.R. 8...