U.S. Congress - H.R.3905 Estate Tax Relief Act of 2009
H.R.3905 - Estate Tax Relief Act of 2009
To amend the Internal Revenue Code of 1986 to repeal the 1-year termination of the estate tax, to increase the estate and gift tax unified credit, and to coordinate a reduction in the maximum rate of tax with a phaseout of the deduction for State death taxes. view all titles (2)
All Bill Titles
- Official: To amend the Internal Revenue Code of 1986 to repeal the 1-year termination of the estate tax, to increase the estate and gift tax unified credit, and to coordinate a reduction in the maximum rate of tax with a phaseout of the deduction for State death taxes. as introduced.
- Short: Estate Tax Relief Act of 2009 as introduced.
This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.
Bill's Views
- Today: 2
- Past Seven Days: 16
- All-Time: 2,723
|
|
|
|
|
|
|
|
Committees
Official Summary
10/22/2009--Introduced.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 forOfficial Summary
10/22/2009--Introduced.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) allow annual increases in the estate tax exclusion amount until it reaches $5 million in 2019 and inflation adjustments to such amount after 2019; and
(2) phase in annual reductions in the estate tax rate between 2009 and 2019 (45% to 35% in 2019 and thereafter) and eliminate the deduction for state estate, inheritance, legacy, or succession taxes over the same period.
...Read the Rest
Recent News Coverage
Statement by Bob Stallman, President, American Farm Bureau Federation ...
WASHINGTON, DC, October 23, 2009 – “The American Farm Bureau Federation supports HR 3905, the Estate Tax Relief Act of 2009, introduced yesterday by House ...
Fate of Obama's small-biz plan unclear
“NFIB is encouraged by the bipartisan support for HR 3905. Permanent repeal of the estate tax remains one of nfib's top priorities, and HR3905 moves us ...
Recent Blog Coverage
View All (148)
|
View Top Rated
kankakeecountynews: Debbie Halvorson believes no family farm or ...
That is why she is proud to co-sponsor H.R. 3905 the Estate Tax Relief Act. This bipartisan bill raises the estate tax exemption level from $3.5 million to $5 million and indexes the exemption level to inflation, which would prevent the ...
Debbie Halvorson believes no family farm or small business should ...
That is why she is proud to co-sponsor HR 3905 the Estate Tax Relief Act. This bipartisan bill raises the estate tax exemption level from $3.5 million to $5 million and indexes the exemption level to inflation, which would prevent the ...
Will County News: Debbie Halvorson believes no family farm or ...
That is why she is proud to co-sponsor H.R. 3905 the Estate Tax Relief Act. This bipartisan bill raises the estate tax exemption level from $3.5 million to $5 million and indexes the exemption level to inflation, which would prevent the ...
Users opposing H.R.3905 (5) are also:
| Supporting Bill | Supporting Representative |
|---|---|
| Opposing Bill | Opposing Senator | Opposing Representative |
|---|---|---|
Vote on This Bill
-
Share This Bill
More Share via Email
