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- H.R.1986
H.R.1986: To amend the Internal Revenue Code of 1986 and the Economic Growth and Tax Relief Reconciliation Act of 2001 to restore the estate tax, increase the estate tax unified credit to an exclusion equivalent of $4,000,000, reduce the maximum estate tax rate to
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about taxation
- Introduced April 21, 2009
- Latest Major Action April 21, 2009
Bill Sponsor
Bill Cosponsor
Bill Summary
Repeals provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 eliminating the estate tax and related carryover basis provisions (thus restoring such tax after 2009). Amends the Internal Revenue Code to: (1) increase the estate tax unified credit to $4 million; and (2) reduce the maximum estate tax rate to 40%.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| April 21, 2009 |
Introduced in the House by Travis W. Childers (D-Miss.) |