US SB1950 | 2019-2020 | 116th Congress
Status
Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on June 25 2019 - 25% progression, died in committee
Action: 2019-06-25 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 25 2019 - 25% progression, died in committee
Action: 2019-06-25 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Returns the taxation of estates and gifts to levels that were in effect in 2009. This increases the maximum rate for estates and gifts to 45% and modifies exemptions. The bill also combines the existing Social Security trust funds into a single Social Security Trust Fund and provides for the deposit of increased estate and gift tax revenue into the consolidated trust fund.
Title
Strengthen Social Security by Taxing Dynastic Wealth Act
Sponsors
| Sen. Chris Van Hollen [D-MD] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-06-25 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB860 (Related) 2019-01-30 - Referred to the Subcommittee on Social Security.
HB1170 (Related) 2019-02-14 - Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
SB269 (Related) 2019-01-30 - Read twice and referred to the Committee on Finance.
SB478 (Related) 2019-02-13 - Read twice and referred to the Committee on Finance.
HB1170 (Related) 2019-02-14 - Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
SB269 (Related) 2019-01-30 - Read twice and referred to the Committee on Finance.
SB478 (Related) 2019-02-13 - Read twice and referred to the Committee on Finance.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/1950/all-info |
| Text | https://www.congress.gov/116/bills/s1950/BILLS-116s1950is.pdf |
