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S.2242 - Death Tax Repeal Permanency Act of 2012
A bill to amend the Internal Revenue Code of 1986 to repeal the estate and generation-skipping transfer taxes, and for other purposes.
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Death Tax Repeal Permanency Act of 2012 - Amends the Internal Revenue Code to:
(1) repeal the estate and generation-skipping transfer taxes, and
(2) make permanent the maximum 35% gift tax rate and a $5 million lifetime gift tax exemption.
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