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Estate Tax: Legislative Activity in 2002 (CRS Report for Congress)

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Release Date Revised Feb. 5, 2003
Report Number RS21224
Report Type Report
Authors Nonna A. Noto, Government and Finance Division
Source Agency Congressional Research Service
Older Revisions
  • Premium   Revised July 23, 2002 (6 pages, $24.95) add
  • Premium   June 11, 2002 (5 pages, $24.95) add
Summary:

The provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA, P.L. 107-16) are scheduled to sunset on December 31, 2010. On April 18, 2002, the House passed legislation, H.R. 586, that would remove the sunset provision and thereby make permanent all other provisions of the tax cut law enacted in June 2001. This includes making permanent the repeal of the estate tax. On June 6, the House passed a free-standing estate tax repeal bill. H.R. 2143 would remove the sunset provision of EGTRRA solely with respect to the estate tax provisions of the 2001 Act.