The tax reaches transfers made after December 31, 2025
What the document says“The amendments made by this section shall apply to transfers made after December 31, 2025.”
The section applies its amendments to transfers made after December 31, 2025.
What the document actually says“The amendments made by this section shall apply to transfers made after December 31, 2025.”
That sentence, in plain words
The tax reaches transfers made after December 31, 2025. Older ones are left out.
What this is about
The old rules still hold for them. The date is fixed in the law. It turns on when the transfer is made.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.