To amend the Internal Revenue Code of 1986 to permanently reduce estate and gift tax rates to 30 percent, to increase the exclusion equivalent of the unified credit to $10,000,000, and to increase the annual gift tax exclusion to $50,000.
previous 109th session of congress Other Bill Titles (1 more)
4/12/2005--Introduced.
Amends the Internal Revenue Code to:
(1) reduce the top marginal tax rate for estates and gifts to 30 percent;
(2) increase the estate tax exclusion amount to $10 million, with an annual adjustment for inflation; and
(3)> increase the annual gift tax exclusion from $10,000 to $50,000.
... more
Sponsor
Committees
Amendments
This bill has no amendments.
Bill Status
| Introduced | ![]() | Voted on by House | ![]() | Voted on by Senate | ![]() | Considered By President | ![]() | Bill Becomes Law |
| April 12, 2005 |
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