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- H.R.1560
H.R.1560: 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.
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about taxation
- Introduced April 12, 2005
- Latest Major Action April 12, 2005
Bill Sponsor
Bill 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.
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Ways and Means.
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April 12, 2005 |
Introduced in the House by Harold E. Ford Jr. (D-Tenn.) |