To amend the Internal Revenue Code of 1986 to increase the estate and gift tax unified credit to an exclusion equivalent of $5,000,000, to adjust such amount for inflation, to repeal the 1-year termination of the estate tax, and for other purposes.
previous 110th session of congress Other Bill Titles (1 more) 9/5/2007--Introduced.
Amends the Internal Revenue Code to increase the unified credit against the estate and gift tax to $5 million after 2009 and to adjust such amount for inflation for estates opened after 2010.
Restores previous estate tax and carryover basis provisions temporar... more
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Amendments
This bill has no amendments.
Bill Status
| Introduced | ![]() | Voted on by House | ![]() | Voted on by Senate | ![]() | Considered By President | ![]() | Bill Becomes Law |
| September 05, 2007 |
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Blog Coverage
March 08, 2008 let the games begin!
hr 3475 from democrat michael capuano of massachusetts would increase the exclusion to $5mm in 2010. no phase in period. hr 4235 from democrat nita lowey of new york would change the exemption to $3mm immediately, bypassing the ...
Source: Ed Hinerman On Life Insurance
September 12, 2007 Gift Tax
HR 3475 would amend the Internal Revenue Code of 1986 to increase the estate and gift tax unified credit to an exclusion equivalent of $5000000, to adjust such amount for inflation, and it would repeal the 1-year termination of the . ...
September 04, 2007 HR 3475, To amend the Internal Revenue Code of 1986 to increase ...
HR 3475 would amend the Internal Revenue Code of 1986 to increase the estate and gift tax unified credit to an exclusion equivalent of $5000000, to adjust such amount for inflation, and it would repeal the 1-year termination of the ...











