US Congress House Bill 498 (Prior Session Legislation)

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January 14 2009 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Capital Gains and Estate Tax Relief Act of 2009 - Makes permanent the reduction in capital gains tax rates (from 20 to 15%) enacted by the Jobs and Growth Tax Relief and Reconciliation Act of 2003.Amends the Internal Revenue Code to: (1) restore the unified credit against gift tax liability; (2) provide for annual increases in the estate tax exclusion amount between 2010 and 2015 and establish a permanent exclusion amount of $5 million for 2015 and thereafter; (3) provide for an inflation adjustment to the estate tax exclusion amount after 2015; (4) reduce estate tax rate brackets; and (5) allow a surviving spouse to use the unused unified estate tax credit of a deceased spouse.

Capital Gains and Estate Tax Relief Act of 2009

Rep Nye, Glenn C., III	Rep Mitchell, Harry E.	Rep Young, Don	Rep Conaway, K. Michael
Rep Manzullo, Donald A.	Rep Myrick, Sue Wilkins	Rep Kirk, Mark Steven	Rep Pitts, Joseph R.
Rep Nye, Glenn C.

Date	Chamber	Action
2009-01-14		Referred to the House Committee on Ways and Means.
2009-01-14		Sponsor introductory remarks on measure. (CR E86)

Type	Source
Summary	http://thomas.loc.gov/cgi-bin/bdquery/z?d111:HN00498:@@@L&summ2=m&
Text	http://gpo.gov/fdsys/pkg/BILLS-111hr498ih/pdf/BILLS-111hr498ih.pdf