A bill to amend the Internal Revenue Code of 1986 to make the capital gains and dividends rate permanent and to provide estate tax relief and reform, and for other purposes.

Summary

Makes permanent the tax rate reductions for dividends and capital gains enacted by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Amends the Internal Revenue Code to: (1) restore the unified credit against the estate and gift tax after 2009; (2) establish the amount of such credit at $3.5 million; and (3) provide for a single 15% estate and gift tax rate.

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

Timeline

1. 22 May 2008

   Introduced

   Introduced in Senate

   Source: IntroReferral

2. 22 May 2008

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 22 May 2008 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 22 May 2008

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 22 May 2008

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 22 May 2008

  Open at official source

Sponsors

• Sen. Alexander, Lamar [R-TN] · R · Sponsor
• · ssfi00 · Standing

Related records

• related to ← A bill to amend the Internal Revenue Code of 1986 to permanently extend the estate tax as in effect in 2009, and for other purposes.