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- H.R.1574
H.R.1574: 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 $3,500,0
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about congress
- Introduced April 12, 2005
- Latest Major Action April 12, 2005
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
11 (All Democrats)
Bill 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.
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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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 Dennis Moore (D-Kan.) |