U.S. Congress - H.R.3841 Small Business and Family Farm Estate Tax Relief Act of 2009
H.R.3841 - Small Business and Family Farm Estate Tax Relief Act of 2009
To amend the Internal Revenue Code of 1986 to repeal carryover basis for decedents dying in 2009, to increase the estate tax exemption to $5,000,000, and to reduce the maximum estate and gift tax rate to 45 percent. view all titles (2)
All Bill Titles
- Official: To amend the Internal Revenue Code of 1986 to repeal carryover basis for decedents dying in 2009, to increase the estate tax exemption to $5,000,000, and to reduce the maximum estate and gift tax rate to 45 percent. as introduced.
- Short: Small Business and Family Farm Estate Tax Relief Act of 2009 as introduced.
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Official Summary
10/15/2009--Introduced.Small Business and Family Farm Estate Tax Relief Act of 2009 - Repeals provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) eliminating the tax on estates and generation-skipping transfers and the step-up in basis provisions for properOfficial Summary
10/15/2009--Introduced.Small Business and Family Farm Estate Tax Relief Act of 2009 - Repeals provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) eliminating the tax on estates and generation-skipping transfers and the step-up in basis provisions for property acquired from a decedent for estates of decedents dying after 2009. Declares that the sunset provision (general terminating date of December 10, 2010) of EGTRRA shall not apply to title V of such Act (Estate, Gift, and Generation-Skipping Transfer Tax Provisions). Amends the Internal Revenue Code to:(1) provide for an increase the estate tax exclusion to $5 million (eliminating the phase-in period); and
(2) impose a maximum estate tax rate of 45%.
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Cooper Gilkes: The Striped Bass | The Erie Wire | Beta
In 2007 Maryland Congressman Wayne Gilchrest introduced HR 3841 which could close the Atlantic menhaden purse seine reduction fishery in state and federal waters. The Chesapeake Bay Ecological Foundation (CBEF) has conducted cooperative ...
CRS: Estate Tax Legislation in 111th Congress
Some House bills, such as HR 3841 and HR 4154, mention farms (or farmers) and small businesses in their short title, but do not target relief on those asset classes. Such bills are included under the second subheading with bills that ...
For the Record by Sharon Daniel
... Vote description: Omnibus Parks and Public Lands Management Act; Bill:S 1505; Vote description:Accountable Pipline Safety and Partnership Act of 1996; Bill:S 39; Vote description: Sustainable Fisheries Act; Bill:HR 3841 ...
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