Sensible Estate Tax Relief Act of 2012
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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.
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.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 16: Sensible Estate Tax Relief Act of 2012. 112th Congress. Open America. https://openamerica.io/bill/112-HR-16/
"H.R. 16: Sensible Estate Tax Relief Act of 2012." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-16/.
H.R. 16, 112th Cong. (2026), https://openamerica.io/bill/112-HR-16/.
[H.R. 16: Sensible Estate Tax Relief Act of 2012](https://openamerica.io/bill/112-HR-16/)