HR 6499
110th Congress
House
Taxation
Economics and Public Finance
Estate tax
Families
Gift tax
Government Operations and Politics
Indexing (Economic policy)
Inheritance tax
State taxation
Survivors' benefits
Tax credits
Tax exclusion
Tax rates
Sensible Estate Tax Act of 2008
Introduced: July 15, 2008
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 15, 2008
Referred to the House Committee on Ways and Means.
Jul 15, 2008
Introduced in House
Plain-English summary
Sensible Estate Tax Act of 2008 - Repeals provisions of the Economic Growth and Tax Reconciliation Act of 2001 relating to the estate and gift tax.
Amends the Internal Revenue Code to: (1) allow an estate tax exclusion of $2 million adjusted for inflation in calendar years after 2008; (2) revise the estate tax rates for larger estates; (3) restore the estate tax credit for state estate, inheritance, legacy, or succession taxes; (4) restore the unified credit against the gift tax; and (5) allow a surviving spouse an increase in the unified estate tax credit by the amount of any unused credit of a deceased spouse.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1