US HB16 | 2011-2012 | 112th Congress
Status
Sponsorship: Partisan Bill (Democrat 15)
Status: Introduced on July 30 2012 - 25% progression, died in committee
Action: 2012-07-30 - Referred to House Budget
Pending: House Budget Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 30 2012 - 25% progression, died in committee
Action: 2012-07-30 - Referred to House Budget
Pending: House Budget Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Sensible Estate Tax Relief Act of 2012
Sponsors
| Rep. Sander Levin [D-MI] | Rep. Earl Blumenauer [D-OR] | Rep. Lois Capps [D-CA] | Rep. James Clyburn [D-SC] |
| Rep. Joseph Crowley [D-NY] | Rep. John Dingell [D-MI] | Rep. Steny Hoyer [D-MD] | Rep. John Larson [D-CT] |
| Rep. John Lewis [D-GA] | Rep. Richard Neal [D-MA] | Rep. Bill Pascrell [D-NJ] | Rep. Nancy Pelosi [D-CA] |
| Rep. Charles Rangel [D-NY] | Sen. Chris Van Hollen [D-MD] | Sen. Peter Welch [D-VT] |
History
| Date | Chamber | Action |
|---|---|---|
| 2012-07-30 | House | Referred to House Budget |
| 2012-07-30 | House | Referred to House Ways and Means |
| 2012-07-30 | House | 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. |
Same As/Similar To
SB3393 (Related) 2012-07-18 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 457.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/112th-congress/house-bill/16/all-info |
| Text | https://www.congress.gov/112/bills/hr16/BILLS-112hr16ih.pdf |
