To amend the Internal Revenue Code of 1986 to increase the exclusion equivalent of the unified credit allowed against the estate tax to $7,500,000 and to establish a flat estate tax rate.

Summary

Amends the Internal Revenue Code to: (1) increase the estate tax exclusion to $7.5 million; and (2) establish a single estate tax rate of 27.5 percent. Repeals certain provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) relating to estate, gift, and generation-skpping transfer taxes.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 12 April 2005

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• Introduced in House (PDF)

  Introduced in House · EN · 12 April 2005

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• Introduced in House

  summary · EN · 12 April 2005

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