American Tariff Rebate Act: Provides rebates, modifies estate tax exemption, and rescinds immigration enforcement funds.

The American Tariff Rebate Act amends the Internal Revenue Code to introduce American tariff rebates, modifying estate and gift tax exemption amounts. It provides rebates to eligible individuals based on their taxable year beginning in 2026, with specific amounts for joint returns and dependents. The act also reduces the estate and gift tax exemption amount from $15,000,000 to $10,000,000. Additionally, it rescinds funds for border infrastructure and wall systems, and detention capacity, totaling $46,550,000,000 and $45,000,000,000 respectively.

American Tariff Rebate Act: Provides rebates, modifies estate tax exemption, and rescinds immigration enforcement funds.

The American Tariff Rebate Act amends the Internal Revenue Code to introduce American tariff rebates, modifying estate and gift tax exemption amounts. It provides rebates to eligible individuals based on their taxable year beginning in 2026, with specific amounts for joint returns and dependents. The act also reduces the estate and gift tax exemption amount from $15,000,000 to $10,000,000. Additionally, it rescinds funds for border infrastructure and wall systems, and detention capacity, totaling $46,550,000,000 and $45,000,000,000 respectively.