To amend the Internal Revenue Code of 1986 and the Economic Growth and Tax Relief Reconciliation Act of 2001 to restore the estate tax and repeal the carryover basis rule and to increase the estate tax unified credit to an exclusion equivalent of $3,500,000.
Other Bill Titles (1 more) 11/14/2007--Introduced.
Amends the Internal Revenue Code to:
(1) restore the tax on estates and generation-skipping transfers;
(2) repeal the termination of provisions allowing a step-up in basis for property transferred by a decedent; and
(3) inc... moreSee Full Bill Text
Committees
Amendments
This bill has no amendments.
Bill Status
| Introduced | ![]() | Voted on by House | ![]() | Voted on by Senate | ![]() | Considered By President | ![]() | Bill Becomes Law |
| November 14, 2007 |
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