To amend the Internal Revenue Code of 1986 and the Economic Growth and Tax Relief Reconciliation Act of 2001 to restore the estate tax and repeal the carryover basis rule and to increase the estate tax unified credit to an exclusion equivalent of $3,500,000.

Summary

Amends the Internal Revenue Code to: (1) restore the tax on estates and generation-skipping transfers; (2) repeal the termination of provisions allowing a step-up in basis for property transferred by a decedent; and (3) increase the estate tax exclusion amount to $3.5 million, with an annual inflation adjustment to such amount beginning in 2007.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 12 April 2005

   Introduced

   Introduced in House

   Source: IntroReferral

2. 12 April 2005

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

3. 12 April 2005

   Introduced

   Sponsor introductory remarks on measure. (CR E624)

   Source: IntroReferral

4. 12 April 2005

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 12 April 2005 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 12 April 2005

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 12 April 2005

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 12 April 2005

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  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Moore, Dennis [D-KS-3] · D · Sponsor
• Rep. Case, Ed [D-HI-1] · D · Sponsor
• Rep. Israel, Steve [D-NY-3] · D · Cosponsor
• Rep. Boswell, Leonard L. [D-IA-3] · D · Cosponsor
• Rep. Berry, Marion [D-AR-1] · D · Cosponsor
• Rep. Michaud, Michael H. [D-ME-2] · D · Cosponsor
• Rep. Costello, Jerry F. [D-IL-12] · D · Cosponsor
• Sen. Brown, Sherrod [D-OH] · D · Cosponsor
• Rep. Lipinski, Daniel [D-IL-3] · D · Cosponsor
• Rep. DeGette, Diana [D-CO-1] · D · Cosponsor
• Rep. Baird, Brian [D-WA-3] · D · Cosponsor
• Rep. Carnahan, Russ [D-MO-3] · D · Cosponsor
• · hswm00 · Standing

Related records

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