3.0.0 436 2018-11-08T23:28:11Z 2018-11-08T23:28:11Z House H HR 2009-01-09 111 hswm00 Ways and Means Committee House Standing Referred to 2009-01-09T14:11:50Z Small Business and Family Farm Estate Tax Relief Act of 2009 111 3841 HR 2009-10-15 Referred to the House Committee on Ways and Means. Related bill CRS To amend the Internal Revenue Code of 1986 to repeal the new carryover basis rules in order to prevent tax increases and the imposition of compliance burdens on many more estates than would benefit from repeal, to retain the estate tax with a $3,500,000 exemption, to reinstitute and update the Pay-As-You-Go requirement of budget neutrality on new tax and mandatory spending legislation, enforced by the threat of annual, automatic sequestration, and for other purposes. 111 4154 HR 2010-01-20 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 253. Related bill CRS 2009-01-09 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2009-01-09 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-01-09 Introduced in House IntroReferral 1000 9 Library of Congress P000422 Rep. Pomeroy, Earl [D-ND-At Large] EARL POMEROY D ND N E000226 Rep. Etheridge, Bob [D-NC-2] BOB ETHERIDGE D NC 2 2009-10-15 False Taxation Transfer and inheritance taxes Taxation 00 2009-01-09 Introduced in House 2009-11-25T20:24:50Z Certain 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 to $3.5 million of the estate tax exclusion (eliminating the phase-in period); (2) impose a maximum estate tax rate of 45% ; (3) restore the phaseout of graduated estate tax rates and the unified credit against the estate tax; (4) set forth estate valuation rules for certain transfers of nonbusiness assets; and (5) limit estate tax discounts for certain individuals with minority interests in a business acquired from a decedent.

]]> Certain Estate Tax Relief Act of 2009 Short Titles as Introduced Certain Estate Tax Relief Act of 2009 Display Title Certain Estate Tax Relief Act of 2009 Official Title as Introduced To amend the Internal Revenue Code of 1986 to repeal the new carryover basis rules in order to prevent tax increases and the imposition of compliance burdens on many more estates than would benefit from repeal, to retain the estate tax with a $3,500,000 exemption, and for other purposes. Introduced in House 2009-01-09T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr436ih/xml/BILLS-111hr436ih.xml 2009-01-09 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.