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    <number>34</number>
    <updateDate>2023-01-15T21:34:07Z</updateDate>
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    <originChamber>Senate</originChamber>
    <originChamberCode>S</originChamberCode>
    <type>S</type>
    <introducedDate>2003-01-07</introducedDate>
    <congress>108</congress>
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        <name>Finance Committee</name>
        <chamber>Senate</chamber>
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            <name>Referred to</name>
            <date>2003-01-08T00:26:52Z</date>
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      <item>
        <title>Estate Tax Repeal for Family-Owned Farms and Businesses Act of 2003</title>
        <congress>108</congress>
        <number>2513</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2003-06-18</actionDate>
          <text>Referred to the House Committee on Ways and Means.</text>
        </latestAction>
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            <type>Related bill</type>
            <identifiedBy>CRS</identifiedBy>
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        <actionDate>2003-01-07</actionDate>
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            <systemCode>ssfi00</systemCode>
            <name>Finance Committee</name>
          </item>
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          <name>Senate</name>
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        <text>Referred to the Committee on Finance.</text>
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      <item>
        <actionDate>2003-01-07</actionDate>
        <text>Introduced in Senate</text>
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          <name>Library of Congress</name>
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    <sponsors>
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        <bioguideId>L000035</bioguideId>
        <fullName>Sen. Lincoln, Blanche L. [D-AR]</fullName>
        <firstName>BLANCHE</firstName>
        <lastName>LINCOLN</lastName>
        <party>D</party>
        <state>AR</state>
        <middleName>LAMBERT</middleName>
        <isByRequest>N</isByRequest>
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    </sponsors>
    <policyArea>
      <name>Taxation</name>
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    <subjects>
      <legislativeSubjects>
        <item>
          <name>Agriculture and Food</name>
        </item>
        <item>
          <name>Commerce</name>
        </item>
        <item>
          <name>Estate tax</name>
        </item>
        <item>
          <name>Family enterprises</name>
        </item>
        <item>
          <name>Family farms</name>
        </item>
        <item>
          <name>Tax deductions</name>
        </item>
        <item>
          <name>Tax exclusion</name>
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      <policyArea>
        <name>Taxation</name>
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      <summary>
        <versionCode>00</versionCode>
        <actionDate>2003-01-07</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2006-11-28T17:35:40Z</updateDate>
        <text><![CDATA[Estate Tax Repeal Acceleration (ExTRA) for Family-Owned Businesses and Farms Act - Amends estate tax provisions of the Internal Revenue Code to repeal section 2057 (Family-Owned Business Interests). Allows for purposes of such tax, in the case of an electing estate of a decedent with specified carryover business interests, the taxable estate value to be determined by deducting from the value of the gross estate the adjusted value of such carryover business interests of the decedent. Provides for the treatment of carryover business interests and spousal property.]]></text>
      </summary>
    </summaries>
    <title>Estate Tax Repeal Acceleration (ExTRA) for Family-Owned Businesses and Farms Act</title>
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        <titleType>Display Title</titleType>
        <title>Estate Tax Repeal Acceleration (ExTRA) for Family-Owned Businesses and Farms Act</title>
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        <titleType>Official Title as Introduced</titleType>
        <title>A bill to amend the Internal Revenue Code of 1986 to provide for the immediate and permanent repeal of the estate tax on family-owned businesses and farms, and for other purposes.</title>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
        <billTextVersionCode>IS</billTextVersionCode>
      </item>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Estate Tax Repeal Acceleration (ExTRA) for Family-Owned Businesses and Farms Act</title>
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        <type>Introduced in Senate</type>
        <date>2003-01-07T05:00:00Z</date>
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    <latestAction>
      <actionDate>2003-01-07</actionDate>
      <text>Referred to the Committee on Finance.</text>
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    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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