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- H.R.4996
H.R.4996: Sensible Estate Tax Act of 2016
About This Bill
- Introduced April 20, 2016
- Latest Major Action April 20, 2016
Bill Sponsor
Bill Cosponsors
8 (All Democrats)
Bill Summary
Sensible Estate Tax Act of 2016 This bill amends the Internal Revenue Code to modify the estate and gift taxes. For the estate tax, the bill increases the rates and decreases the amount that is excluded from the tax. For the gift tax, the bill establishes a separate lifetime exclusion amount. (Under current law, the estate and gift taxes share a unified exclusion amount.)
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| April 20, 2016 |
Referred to the House Committee on Ways and Means.
|
| April 20, 2016 |
Introduced in the House by Sander M. Levin (D-Mich.) |