3.0.0 2784 2023-01-11T13:17:06Z 2023-01-11T13:17:06Z Senate S S 2009-11-17 111 ssfi00 Finance Committee Senate Standing Referred to 2009-11-17T17:16:36Z 2009-11-17 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2009-11-17 Introduced in Senate IntroReferral 10000 9 Library of Congress C000174 Sen. Carper, Thomas R. [D-DE] Thomas Carper D DE R. N V000126 Sen. Voinovich, George V. [R-OH] GEORGE VOINOVICH R OH V. 2009-11-17 True Taxation Inflation and prices Transfer and inheritance taxes Taxation 00 2009-11-17 Introduced in Senate 2009-12-11T21:23:12Z Amends the Internal Revenue Code to: (1) establish a permanent estate tax exclusion of $3.5 million ($7 million for married couples filing joint tax returns) and a maximum 45% tax rate for decedents dying, generation-skipping transfers, and gifts made, after December 31, 2009; (2) allow an annual inflation adjustment to the exclusion amount after 2010; and (3) allow a surviving spouse an increase in the estate tax exclusion by the unused exclusion amount of a deceased spouse.

Expresses the sense of the Senate that any reduction in federal revenues resulting from this Act should be fully offset.

]]> A bill to amend the Internal Revenue Code of 1986 to permanently extend the estate tax as in effect in 2009, and for other purposes. Display Title A bill to amend the Internal Revenue Code of 1986 to permanently extend the estate tax as in effect in 2009, and for other purposes. Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to permanently extend the estate tax as in effect in 2009, and for other purposes. Introduced in Senate IS Introduced in Senate 2009-11-17T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s2784is/xml/BILLS-111s2784is.xml 2009-11-17 Read twice and referred to the Committee on Finance. 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.