H.R.3170 - Capital Gains and Estate Tax Relief Act of 2007

To make permanent the individual income tax rates for capital gains, and for other purposes. view all titles (2)

All Bill Titles

  • Official: To make permanent the individual income tax rates for capital gains, and for other purposes. as introduced.
  • Short: Capital Gains and Estate Tax Relief Act of 2007 as introduced.

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  • Today: 1
  • Past Seven Days: 2
  • All-Time: 633
 
Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
07/23/07
 
 
 
 
 
 
 

Official Summary

7/24/2007--Introduced.Capital Gains and Estate Tax Relief Act of 2007 - Makes permanent the reduction in capital gains tax rates (from 20 to 15%) enacted by the Jobs and Growth Tax Relief and Reconciliation Act of 2003.Amends the Internal Revenue Code to: (1) restore the unified credit aga

Official Summary

7/24/2007--Introduced.
Capital Gains and Estate Tax Relief Act of 2007 - Makes permanent the reduction in capital gains tax rates (from 20 to 15%) enacted by the Jobs and Growth Tax Relief and Reconciliation Act of 2003.
Amends the Internal Revenue Code to:
(1) restore the unified credit against gift tax liability;
(2) provide for annual increases in the estate tax exclusion amount between 2010 and 2015 and establish a permanent exclusion amount of $5 million for 2015 and thereafter;
(3) provide for an inflation adjustment to the estate tax exclusion amount after 2015;
(4) reduce estate tax rate brackets; and
(5) allow a surviving spouse to use the unused unified estate tax credit of a deceased spouse.

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Recent Blog Coverage

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07/09/09
H.R.3170: Financial Services and General Government Appropriations ...

Fiscal 2010 Financial Services Appropriations/Passage. Passage of the bill that would provide $46.2 billion in fiscal 2010 for the Treasury Department, the Office of Personnel Management, the District of Columbia and other . .... OpenCongress is a free and

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10/02/08
Congressman Mitchell's response to the letter on the bailout

Last year, Representative Christopher Shays and I introduced HR 3170, Capital Gains and Estate Tax Relief Act, to make these cuts permanent, and I believe that the inclusion of this legislation would have encouraged investment and ...

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03/07/08
Let The Games Begin!

HR 3170 comes from democrat Harry Mitchell of Arizona. It would raise the combined exclusion to $5mm from the 2009 limit of $3,5mm over a six year period. HR 3475 from democrat Michael Capuano of Massachusetts would increase the ...

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