3.0.0 2023 2023-01-11T13:19:33Z 2023-01-11T13:19:33Z House H HR 2009-04-22 111 hswm00 Ways and Means Committee House Standing Referred to 2009-04-22T14:01:46Z 2009-04-22 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2009-04-22 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-04-22 Introduced in House IntroReferral 1000 9 Library of Congress M000404 Rep. McDermott, Jim [D-WA-7] JIM MCDERMOTT D WA 7 N Taxation State and local taxation Transfer and inheritance taxes Taxation 00 2009-04-22 Introduced in House 2009-05-11T21:17:58Z Sensible Estate Tax Act of 2009 - Repeals provisions of the Economic Growth and Tax Reconciliation Act of 2001 relating to the estate and gift tax.

Amends the Internal Revenue Code to: (1) allow an estate tax exclusion of $2 million adjusted for inflation in calendar years after 2010; (2) revise the estate tax rates for larger estates; (3) restore the estate tax credit for state estate, inheritance, legacy, or succession taxes; (4) restore the unified credit against the gift tax; and (5) allow a surviving spouse an increase in the unified estate tax credit by the amount of any unused credit of a deceased spouse.

]]> Sensible Estate Tax Act of 2009 Display Title Sensible Estate Tax Act of 2009 Official Title as Introduced To amend the Internal Revenue Code of 1986 to reform the estate and gift tax. Introduced in House IH Short Titles as Introduced Sensible Estate Tax Act of 2009 Introduced in House 2009-04-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr2023ih/xml/BILLS-111hr2023ih.xml 2009-04-22 Referred to the House Committee on Ways and Means. 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.