3.0.0 3170 2023-01-11T21:18:16Z 2023-01-11T21:18:16Z House H HR 2007-07-24 110 hswm00 Ways and Means Committee House Standing Referred to 2007-07-24T13:04:05Z 2007-07-25 Sponsor introductory remarks on measure. (CR E1618) IntroReferral B00100 9 Library of Congress 2007-07-24 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2007-07-24 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-07-24 Introduced in House IntroReferral 1000 9 Library of Congress M001167 Rep. Mitchell, Harry E. [D-AZ-5] Harry Mitchell D AZ E. 5 N S001144 Rep. Shays, Christopher [R-CT-4] CHRISTOPHER SHAYS R CT 4 2007-07-24 True A000014 Rep. Abercrombie, Neil [D-HI-1] NEIL ABERCROMBIE D HI 1 2007-08-02 False Taxation Capital gains tax Economics and Public Finance Estate tax Families Gift tax Income tax Indexing (Economic policy) Married people Survivors' benefits Tax credits Tax exclusion Tax rates Taxation 00 2007-07-24 Introduced in House 2007-09-07T22:18:34Z Capital Gains and Estate Tax Relief Act of 2007 - 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 2007 Official Title as Introduced To make permanent the individual income tax rates for capital gains, and for other purposes. Introduced in House IH Display Title Capital Gains and Estate Tax Relief Act of 2007 Short Titles as Introduced Capital Gains and Estate Tax Relief Act of 2007 Introduced in House 2007-07-24T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr3170ih/xml/BILLS-110hr3170ih.xml 2007-07-25 Sponsor introductory remarks on measure. (CR E1618) text/xml EN 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. Congressional Research Service, Library of Congress 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.