[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 123 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 123

 To amend the Internal Revenue Code of 1986 to make certain tax relief 
                permanent, and to repeal the estate tax.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            January 5, 2011

    Mr. Gingrey of Georgia introduced the following bill; which was 
              referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to make certain tax relief 
                permanent, and to repeal the estate tax.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. EGTRRA AND JGTRRA TAX RELIEF MADE PERMANENT.

    (a) Economic Growth and Tax Relief Reconciliation Act of 2001.--
Title IX of the Economic Growth and Tax Relief Reconciliation Act of 
2001 is hereby repealed.
    (b) Income Tax Rates on Dividends and Net Capital Gain.--Section 
303 of the Jobs and Growth Tax Relief Reconciliation Act of 2003 is 
hereby repealed.
    (c) Effective Date.--The amendments made by this section shall take 
effect on the date of the enactment of this Act.

SEC. 2. REINSTATEMENT OF ESTATE TAX REPEAL.

    Effective December 31, 2009, title III of the Tax Relief, 
Unemployment Insurance Reauthorization, and Job Creation Act of 2010 is 
repealed and the Internal Revenue Code of 1986 shall be applied and 
administered to estates of decedents dying, gifts made, or generation 
skipping transfers as if the provisions of, and amendments made by, 
such title had never been enacted.
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