Freedom from Taxes Act of 2026

Elimination of Transfer Tax: By striking "$200" and inserting "$0" in section 5811(a)(1), the bill removes the financial cost associated with the transfer tax. (Section 2(a))

Elimination of Making Tax: By striking "$200" and inserting "$0" in section 5821(a)(1), the bill removes the financial cost associated with the tax on making certain items. (Section 2(b))

Exemption From Excise Tax: The bill modifies section 4182(a) to change the reference for the excise tax exemption. (Section 2(c))

Elimination of Special Tax: The bill adds a subsection to section 5801 ensuring the special tax does not apply to any year beginning after the subsection takes effect. (Section 2(d))