To amend the Internal Revenue Code of 1986 to increase the estate and gift tax unified credit to an exclusion equivalent of $5,000,000, to adjust such amount for inflation, to repeal the 1-year termination of the estate tax, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

5 September 2007

Last action

5 September 2007 · Introduced

Status

Referred to the House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to increase the unified credit against the estate and gift tax to $5 million after 2009 and to adjust such amount for inflation for estates opened after 2010. Restores previous estate tax and carryover basis provisions temporarily repealed by the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). Modifies the general termination date of such Act (i.e., December 31, 2010) as it applies to certain EGTRRA estate and gift tax provisions.

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Timeline

5 September 2007
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
5 September 2007
Introduced
Introduced in House
Source: IntroReferral
5 September 2007
Introduced
Introduced in House
Source: IntroReferral

Votes

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Versions

Introduced in House · 5 September 2007 · Download file

Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 5 September 2007
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Introduced in House (PDF)
Introduced in House · EN · 5 September 2007
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Introduced in House
summary · EN · 5 September 2007
Open at official source
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Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
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Related records

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Sources

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Official source: https://www.congress.gov/bill/110th-congress/house-bill/3475
Open data entity: https://api.congress.gov/v3/bill/110/hr/3475
us · 110-hr-3475 · source updated 2 January 2025