H.R.4853 - Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act

To amend the Internal Revenue Code of 1986 to extend the funding and expenditure authority of the Airport and Airway Trust Fund, to amend title 49, United States Code, to extend authorizations for the airport improvement program, and for other purposes. view all titles (9)

All Bill Titles

  • Short: Federal Aviation Administration Extension Act of 2010 as introduced.
  • Short: Surface Transportation Extension Modification Act of 2010 as introduced.
  • Official: To amend the Internal Revenue Code of 1986 to extend the funding and expenditure authority of the Airport and Airway Trust Fund, to amend title 49, United States Code, to extend authorizations for the airport improvement program, and for other purposes. as introduced.
  • Short: Federal Aviation Administration Extension Act of 2010 as passed house.
  • Short: Surface Transportation Extension Modification Act of 2010 as passed house.
  • Short: Airport and Airway Extension Act of 2010, Part III as passed senate.
  • Popular: Middle Class Tax Relief Act of 2010 as introduced.
  • Popular: Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act as introduced.
  • Short: Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 as enacted.
Latest Amendment Status Purpose View All Amendments [59]
 
H.Amdt 786 Fail An amendment to strike Title III of the Senate amendment to H.R. 4583 and amend the bill to provide two years of estate tax relief at 2009 levels. In calendar years 2011 and 2012, the estate tax exemption amount would be $3.5 million ($7 million total for a married couple) and the maximum tax rate on estates would be 45%. Additionally, the amendment would provide estates from decedents in 2010 with the ability to elect to be treated under the 2009 levels or to be treated under current law for tax purposes. This election will allow estates to receive a step up in basis on inherited property rather than the 2010 carryover basis rules. The exemption level and rate are consistent with the estate tax proposal included in the President's FY2010 and FY2011 Budgets. Under the Senate amendment to H.R. 4583, the bill would provide two years of estate tax relief with a $5 million estate tax exemption ($10 million total for a married couple) and a maximum rate of 35%. The amendment saves $23 billion, and affects 6,600 estates in 2011 which would receive an average additional tax cut of more than $1.5 million under the Senate bill.
S.Amdt 4809 Offered
S.Amdt 4808 Offered
Latest Actions View All Actions [65]
 
Dec 17, 2010Became Public Law No: 111-312.
Dec 17, 2010Signed by President.
Dec 17, 2010Presented to President.

Latest Vote

Result: Passed - December 17, 2010

Roll call number 647 in the House

Question: On Motion to Concur in the Senate Amdt to the House Amdt to the Senate Amdt: H R 4853 Airport and Airway Extension Act of 2010, Part III

 

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