S 275
107th Congress
Senate
Taxation
Administrative procedure
Art objects
Arts, Culture, Religion
Capital gains tax
Charitable contributions
Copyright
Cost of living adjustments
Department of the Treasury
Economics and Public Finance
Estate tax
Estates (Law)
Finance and Financial Sector
Gift tax
Government Operations and Politics
Housing and Community Development
Income tax
Indexing (Economic policy)
Inheritance tax
Intellectual property
Estate Tax Elimination Act of 2001
Introduced: February 7, 2001
See on congress.gov
Everywhere this bill has been
5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 15, 2001
Committee on Finance. Hearings held.
Feb 15, 2001
Sponsor introductory remarks on measure. (CR S1442-1445)
Feb 7, 2001
Read twice and referred to the Committee on Finance.
Feb 7, 2001
Sponsor introductory remarks on measure. (CR S1131)
Feb 7, 2001
Introduced in Senate
Plain-English summary
Estate Tax Elimination Act of 2001 - Amends the Internal Revenue Code to eliminate Federal estate, gift, and transfer taxes. Limits the aggregate step up basis of certain property acquired from a decedent to the aggregate basis of such property plus $2.8 million. Provides for an inflation adjustment.
States that the basis for carryover basis property (as defined by this Act) shall be determined under the provision respecting the basis of property acquired by gifts or transfers in trust (section 1015). Describes noncarryover basis property. Directs an executor to provide the Secretary of the Treasury with related information.
What's happening now
Committee on Finance. Hearings held.
Committees of jurisdiction
1