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- H.R.16
H.R.16: Sensible Estate Tax Relief Act of 2012
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced July 30, 2012
- Latest Major Action July 30, 2012
Bill Sponsor
Bill Cosponsors
14 (All Democrats)
Bill Summary
Sensible Estate Tax Relief Act of 2012 - Extends through 2013 provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 pertaining to estates, gifts, and generation-skipping transfers. Amends the Internal Revenue Code to: (1) allow a basic estate tax exclusion amount of $3.5 million, and (2) establish a maximum 45% estate tax rate. Exempts the budgetary effects of this Act from the Statutory Pay-As-You-Go Act of 2010.
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
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Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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Referred to House Ways and Means
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Referred to House Budget
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| July 30, 2012 |
Introduced in the House by Sander M. Levin (D-Mich.) |