{"bill":{"id":"113-hr-5872","congress":113,"type":"HR","number":5872,"title":"American Solution for Simplifying the Estate Tax Act of 2014","originChamber":"House","introducedDate":"2014-12-11","sponsors":[{"bioguideId":"H001052","fullName":"Rep. Harris, Andy [R-MD-1]","party":"R","state":"MD","district":1}],"cosponsorsCount":0,"latestAction":{"actionDate":"2014-12-12","text":"Sponsor introductory remarks on measure. (CR E1807-1808)"},"policyArea":"Taxation","subjects":["Tax administration and collection, taxpayers","Tax reform and tax simplification","Transfer and inheritance taxes"],"actions":[{"date":"2014-12-12","text":"Sponsor introductory remarks on measure. (CR E1807-1808)","type":"IntroReferral","chamber":"Library of Congress","hasVote":false},{"date":"2014-12-11","text":"Referred to the House Committee on Ways and Means.","type":"IntroReferral","chamber":"House floor actions","hasVote":false},{"date":"2014-12-11","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false},{"date":"2014-12-11","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false}],"summary":" <p>American Solution for Simplifying the Estate Tax Act of 2014 - Amends the Internal Revenue to: (1)&nbsp;allow taxpayers an election to make annual payments of 1% of their adjusted gross income for a minimum seven-year period in lieu of existing estate and generation-skipping transfer taxes, and (2) allow a step-up in basis for estate property of a taxpayer making an election under this Act.&nbsp;Sets forth requirements for the filing of an estate tax return for taxpayers who have made an election under this Act. </p>","updateDate":"2025-08-12T18:38:57Z"},"markets":[],"stateBills":[],"meta":{"sources":["congress.gov"],"latencyMs":342,"ts":"2026-04-19T09:56:44.355Z"},"nextActions":{"inspect":[],"related":[{"description":"Search related legislation","method":"GET","url":"/api/public/query-gov?q=American%20Solution%20for%20Simplifying%20the%20Estate%20Tax%20Act%20of%202014"}]}}