H.R.4042 - Family Farm, Small Business, and Home Tax Relief Act

To amend the Internal Revenue Code of 1986 to reduce the estate tax for periods before its termination in 2010 by increasing the unified credit, lowering the maximum estate tax rate, restoring the exclusion for family-owned business interests, excluding the value of the decedent's principal residence, and for other purposes. view all titles (2)

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  • Short: Family Farm, Small Business, and Home Tax Relief Act as introduced.
  • Official: To amend the Internal Revenue Code of 1986 to reduce the estate tax for periods before its termination in 2010 by increasing the unified credit, lowering the maximum estate tax rate, restoring the exclusion for family-owned business interests, excluding the value of the decedent's principal residence, and for other purposes. as introduced.

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03/07/08
let the games begin!

hr 4042 from democrat gerald mcnerney of california would increase the exemption a year early to $3.5mm and establishes 45% as the maximum estate tax rate. hr 4172 from democrat dennis moore of kansas again increases the exemption to ...

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02/11/08
Watch Out for §2057 Recapture When Transferring Interests in ...

Note pending HR 4042, which proposes a $8 M QFOBI deduction.) More importantly, the family-owned business interest that transfers to a qualified heir is subject to an “additional estate tax” recapture provision for 10 years following ...

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01/19/08
Hey, look what I found.

We therefore hold that HR 4042 became law. . . .'), vacated and remanded with instructions to dismiss the complaint as moot, Burke v. Barnes, 479 US 361 (1987). The following note from The Constitution Annotated is most interesting: ...

Source: Daily Kos
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12/22/07
Family relief tax working

The Family Farm, Small Business, and Home Tax Relief Act, HR 4042, ensures that middle class Election Information. Working Families Vote (AFL-CIO) Broad tax relief should ease burden on working poor Priorities estimates that the Lingle ...

Source: Top
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12/13/07
850 Acres And A Pony -- Revisited

Jerry McNerney's most recent bill, HR 4042, which he announced as a first step to permanent repeal of the estate tax. Introducing his legislation to the local media, McNerney used a SF Public Utilities Commission employee and part-time ...

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11/19/07
Found In Translation

Yesterday, he announced that he is sponsoring HR 4042, the dynasty Farm, inadequate work and domicile Tax Relief Act. Here's how a district newspaper reported on McNerney's ... Congressman Jerry McNerney has lately decided to ...

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11/03/07
McNerney Chips Away At Estate Tax

Congressman Jerry McNerney (CA-11) has recently decided to lead an attack on the estate tax from the Democratic side of the aisle. Yesterday, he announced that he is sponsoring HR 4042, the Fam...

Source: Tax
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11/03/07
Globalization: The World State Is Being… This is the first of a ...

Yesterday, he announced that he is sponsoring HR 4042, the Family Farm, Small Business and Home Tax Relief Act. Here s how a local newspaper Source: www.firedoglake.com. Writers Ready to Walk - E! Online Javno.hrWriters Ready to WalkE! ...

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11/02/07
Firedoglake » McNerney Chips Away At Estate Tax

Yesterday, he announced that he is sponsoring H.R. 4042, the Family Farm, Small Business and Home Tax Relief Act. Here's how a local newspaper reported on McNerney's proposal: (emphasis added). The "Family Farm, Small Business and Home ...

Source: Firedoglake
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11/02/07
mcnerney chips away at estate tax

yesterday, he announced that he is sponsoring hr 4042, the family farm, small business and home tax relief act. here’s how a local newspaper reported on mcnerney’s proposal: (emphasis added). the “family farm, small business and home ...

Source: Firedoglake
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11/02/07
McNerney Chips Away At Estate Tax

Yesterday, he announced that he is sponsoring HR 4042, the Family Farm, Small Business and Home Tax Relief Act. Here’s how a local newspaper reported on McNerney’s proposal: (emphasis added)The “Family Farm, [...] ---- link ...

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10/30/07
bill action: introduced: hr 4042: to amend the internal revenue ...

jerry mcnerney [d-ca] introduced hr 4042: to amend the internal revenue code of 1986 to reduce the estate tax for periods before its termination in 2010 by increasing the unified credit, lowering the maximum estate tax rate, ...

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10/30/07
HR 4042, To amend the Internal Revenue Code of 1986 to reduce the ...

HR 4042 would amend the Internal Revenue Code of 1986 to reduce the estate tax for periods before its termination in 2010 by increasing the unified credit, lowering the maximum estate tax rate, restoring the exclusion for family-owned ...

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