HR 2532
108th Congress
House
Taxation
Economics and Public Finance
Estate tax
Gift tax
Government trust funds
Inheritance tax
Old age, survivors and disability insurance
Social Welfare
Social security finance
Tax credits
Tax rates
Save Social Security First Act of 2003
Introduced: June 19, 2003
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 25, 2003
Sponsor introductory remarks on measure. (CR E1347)
Jun 19, 2003
Referred to the House Committee on Ways and Means.
Jun 19, 2003
Introduced in House
Plain-English summary
Save Social Security First Act of 2003 - Repeals subtitles A (Repeal of Estate and Generation-Skipping Transfer Taxes) and E (Carryover Basis at Death; Other Changes Taking Effect With Repeal) of title V (Estate, Gift, and Generation-Skipping Transfer Tax Provisions) of the Economic Growth and Tax Relief Reconciliation Act of 2001. Makes the sunset provisions of such Act inapplicable to the remainder of title V.
Sets the unified estate credit at $3 million and the maximum estate rate at 50 percent.
Appropriates, beginning in 2005, estate tax revenues to the Social Security trust funds.
What's happening now
Sponsor introductory remarks on measure. (CR E1347)
Committees of jurisdiction
1