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- S.3049
S.3049: 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.
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about taxation
- Introduced May 22, 2008
- Latest Major Action May 22, 2008
Bill Sponsor
Bill 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.
(Source: Library of Congress)
Bill Actions
Date | Description |
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Read twice and referred to the Committee on Finance.
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May 22, 2008 |
Introduced in the Senate by Lamar Alexander (R-Tenn.) |