Death Tax Elimination Act of 2001

openUnited States· United States Congress· EN

Introduced

14 March 2001

Last action

12 June 2002 · Floor

Status

Returned to the Calendar. {pursuant to the order of April 23, 2002}.

Summary

Death Tax Elimination Act - Repeals the estate tax, gift tax, and the tax on generation-skipping transfers, effective January 1, 2011. Provides for annual reductions of the tax until such date. Increases the unified estate and gift tax credit to $1.3 million. Repeals the estate and gift tax provisions applicable to family-owned businesses. Amends provisions concerning the special rules for allocation of the generation-skipping tax (GST) exemption to provide, as a general rule, that: (1) if any individual makes an indirect skip during such individual's lifetime, any unused portion of such individual's GST exemption shall be allocated to the property transferred to the extent necessary to make the inclusion ratio for such property zero; and (2) if the amount of the indirect skip exceeds such unused portion, the entire unused portion shall be allocated to the property transferred. Declares that, if a trust is severed in a qualified severance, the trusts resulting from such severance shall be treated as separate trusts thereafter. Revises valuation rules for gifts for which a gift tax return was filed or deemed allocation made. Provides that, if an allocation of the GST exemption to any transfers of property is deemed to have been made at the close of an estate tax inclusion period, the value of the property shall be its value at such time. Directs the Secretary of the Treasury to prescribe circumstances and procedures under which extensions of time will be granted to make an allocation of GST exemption or an election not to apply specified allocation requirements to certain lifetime direct skips, indirect skips, or transfers to a particular trust. Increases the permissible number of partners or shareholders in a closely held business for purposes of eligibility for an extension of estate tax payments.

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

Timeline

14 March 2001
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
14 March 2001
Introduced
Introduced in House
Source: IntroReferral
14 March 2001
Introduced
Introduced in House
Source: IntroReferral
14 March 2001
Committee
Committee Hearings Held Prior to Introduction (Feb 13, 2001).
Source: Committee
29 March 2001
Vote
Ordered to be Reported (Amended) by the Yeas and Nays: 24 - 14.
Source: Committee
29 March 2001
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
3 April 2001
Reported
Rules Committee Resolution H. Res. 111 Reported to House. Rule provides for consideration of H.R. 8 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. The amendment recommended by the Committee on Ways and Means now printed in the bill shall be considered as adopted. Measure will be considered read. A specified amendment is in order.
Source: Floor
3 April 2001
Reported
Reported (Amended) by the Committee on Ways and Means. H. Rept. 107-37. (text of measure as reported: CR 4/4/2001 H1424-1426)
Source: Committee
3 April 2001
Calendars
Placed on the Union Calendar, Calendar No. 26.
Source: Calendars
3 April 2001
Reported
Reported (Amended) by the Committee on Ways and Means. H. Rept. 107-37.(text of measure as reported: CR 4/4/2001 H1424-1426)
Source: Committee
4 April 2001
Vote
On passage Passed by the Yeas and Nays: 274 - 154 (Roll no. 84).
Source: Floor
4 April 2001
Passed
Motion to reconsider laid on the table Agreed to without objection.
Source: Floor
4 April 2001
Vote
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 274 - 154 (Roll no. 84).
Source: Floor
4 April 2001
Vote
On motion to recommit with instructions Failed by recorded vote: 192 - 235 (Roll No. 83). (text: CR H1456)
Source: Floor
4 April 2001
Floor
The previous question on the motion to recommit with instructions was ordered without objection.
Source: Floor
4 April 2001
Floor
Rule provides for consideration of H.R. 8 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. The amendment recommended by the Committee on Ways and Means now printed in the bill shall be considered as adopted. Measure will be considered read. A specified amendment is in order.
Source: Floor
4 April 2001
Floor
Mr. Pomeroy moved to recommit with instructions to Ways and Means.
Source: Floor
4 April 2001
Floor
The previous question on the amendment and on the bill as amended, was ordered pursuant to the provisions of H. Res. 111.
Source: Floor
4 April 2001
Floor
Considered under the provisions of rule H. Res. 111. (consideration: CR H1424-1458)
Source: Floor
4 April 2001
Passed
Rule H. Res. 111 passed House.
Source: Floor
5 April 2001
Calendars
Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Source: Calendars
6 April 2001
Calendars
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 33.
Source: Calendars
13 August 2001
Committee
See H.R.1836.
Source: Committee
11 June 2002
Floor
Measure laid before Senate by unanimous consent. (consideration: CR S5343-5358)
Source: Floor
12 June 2002
Floor
Considered by Senate. (consideration: CR S5398-5434)
Source: Floor

Votes

No vote records are attached yet.

Versions

Placed on Calendar Senate · 6 April 2001 · Official file
Engrossed in House · 4 April 2001 · Official file
Reported in House · 3 April 2001 · Official file
Introduced in House · 14 March 2001 · Official file

Documents

11 official files

Placed on Calendar Senate (text)

View file Download file

Placed on Calendar Senate (text)
Placed on Calendar Senate · EN · 6 April 2001
View Download Open at official source
Placed on Calendar Senate (PDF)
Placed on Calendar Senate · EN · 6 April 2001
View Download Open at official source
Engrossed in House (text)
Engrossed in House · EN · 4 April 2001
View Download Open at official source
Engrossed in House (PDF)
Engrossed in House · EN · 4 April 2001
View Download Open at official source
Passed House amended
summary · EN · 4 April 2001
Open at official source
Reported in House (text)
Reported in House · EN · 3 April 2001
View Download Open at official source
Reported in House (PDF)
Reported in House · EN · 3 April 2001
View Download Open at official source
Reported to House with amendment(s)
summary · EN · 3 April 2001
Open at official source
Introduced in House (text)
Introduced in House · EN · 14 March 2001
View Download Open at official source
Introduced in House (PDF)
Introduced in House · EN · 14 March 2001
View Download Open at official source
Introduced in House
summary · EN · 14 March 2001
Open at official source

Related records

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/107th-congress/house-bill/8
Open data entity: https://api.congress.gov/v3/bill/107/hr/8
us · 107-hr-8 · source updated 7 April 2025