Estate Tax Legislation in the 110th Congress (CRS Report for Congress)
A full-text PDF of the latest version is currently unavailable.
| Release Date |
Revised March 23, 2009 |
| Report Number |
RL34374 |
| Report Type |
Report |
| Authors |
Nonna Noto, Specialist in Public Finance |
| Source Agency |
Congressional Research Service |
| Older Revisions |
-
Premium Revised July 2, 2008 (36 pages, $24.95)
add
-
Premium Feb. 14, 2008 (26 pages, $24.95)
add
|
Summary:
The bills introduced in the 110th Congress to permanently repeal the estate tax differed onwhether or not they would preserve the other changes made by EGTRRA to the taxation oflifetime gifts and the tax basis for inherited assets. The bills to modify the estate tax differed onthe amount of the exclusion, what year it would take effect, whether or not it would be indexedfor inflation, and whether any unused exclusion could be carried over to the estate of thesurviving spouse. The reform bills also differed on the tax rates, the treatment of state death taxes,and whether the bill would repeal or retain other estate and gift tax changes made by EGTRRA.The bills that targeted estate tax relief on particular asset classes differed on whether the target ofrelief was family-owned farms and ranches, small businesses, or conservation easements.
