US HB3841 | 2009-2010 | 111th Congress

Status

Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on October 15 2009 - 25% progression, died in committee
Action: 2009-10-15 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Small Business and Family Farm Estate Tax Relief Act of 2009 - Repeals provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) eliminating the tax on estates and generation-skipping transfers and the step-up in basis provisions for property acquired from a decedent for estates of decedents dying after 2009. Declares that the sunset provision (general terminating date of December 10, 2010) of EGTRRA shall not apply to title V of such Act (Estate, Gift, and Generation-Skipping Transfer Tax Provisions). Amends the Internal Revenue Code to: (1) provide for an increase the estate tax exclusion to $5 million (eliminating the phase-in period); and (2) impose a maximum estate tax rate of 45%.

Tracking Information

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Title

Small Business and Family Farm Estate Tax Relief Act of 2009

Sponsors


History

DateChamberAction
2009-10-15 Referred to the House Committee on Ways and Means.

Same As/Similar To

HB436 (Related) 2009-01-09 - Referred to the House Committee on Ways and Means.
HB4154 (Related) 2010-01-20 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 253.

Subjects


US Congress State Sources


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