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- H.R.5638
H.R.5638: Permanent Estate Tax Relief Act of 2006
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about congress
- Introduced June 19, 2006
- Latest Major Action June 26, 2006
Bill Sponsor
Bill Cosponsors
51 (1 Democrat, 51 Republicans)
Bill Summary
Permanent Estate Tax Relief Act of 2006 - Amends the Internal Revenue Code to restore the unified estate and gift tax exclusion and increase the exclusion amount to $5 million beginning in 2010. Adjusts such exclusion amount for inflation after 2010. Lowers the estate tax rate to equal the current long-term capital gains tax rate (i.e., 15% through 2010) for taxable estates up to $25 million and to twice such tax rate for estates of $25...
(Source: Library of Congress)
Bill Actions
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Referred to the House Committee on Ways and Means.
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Rules Committee Resolution H. Res. 885 Reported to House. Rule provides for consideration of H.R. 5638 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. A specified amendment is in order.
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Rule H. Res. 885 passed House.
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Mr. Thomas moved to consider.
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Ms. Pelosi rose on the question of consideration and pursuant to clause 3, rule 16, demanded a vote on the question of consideration.
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On motion to consider Agreed to by recorded vote: 238 - 188 (Roll no. 312).
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Considered under the provisions of rule H. Res. 885.
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Rule provides for consideration of H.R. 5638 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. A specified amendment is in order.
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DEBATE - The House proceeded with one hour of debate on H.R. 5638.
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DEBATE - The House continued with debate on H.R. 5638.
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The previous question was ordered pursuant to the rule.
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Mr. Rangel moved to recommit with instructions to Ways and Means.
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Floor summary: DEBATE - The House proceeded with ten minutes of debate on the motion to recommit with instructions, pending reservation of a a point of order.
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Mr. Thomas raised a point of order against the motion to recommit with instructions. Mr. Thomas stated that the provisions of the motion to recommit were not germane to the bill. Sustained by the Chair.
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Point of order sustained against the motion to recommit with instructions.
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Mr. Rangel appealed the ruling of the chair.
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Mr. Thomas moved to table the motion to appeal the ruling of the chair
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On motion to table the motion to appeal the ruling of the chair Agreed to by the Yeas and Nays: 229 - 195 (Roll no. 313).
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Mr. Pomeroy moved to recommit with instructions to Ways and Means.
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DEBATE - The House proceeded with 10 minutes of debate on the Pomeroy motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment inserting a complete new text entitled "Certain and Immediate Estate Tax Relief Act of 2006".
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The previous question on the motion to recommit with instructions was ordered without objection.
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On motion to recommit with instructions Failed by recorded vote: 182 - 236 (Roll no. 314).
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On passage Passed by recorded vote: 269 - 156 (Roll no. 315).
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Motion to reconsider laid on the table Agreed to without objection.
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Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
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Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 496.
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June 19, 2006 |
Introduced in the House by William M. Thomas (R-Calif.) |