H.R. 5421 (109th): To amend the Internal Revenue Code of 1986 to restore the estate tax and repeal the carryover basis rule, to increase the estate and gift tax unified credit to an exclusion equivalent of $5,000,000, and to reduce the rate of the estate and gifts taxes to the generally applicable capital gains income tax rate.

Introduced:

May 18, 2006
109th Congress, 2005–2006

Status:
Died in a previous Congress

This bill was introduced on May 18, 2006, in a previous session of Congress, but was not enacted.

Sponsor:

Collin Peterson

Representative for Minnesota's 7th congressional district

Democrat

Text:

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Last Updated: May 18, 2006
Length: 6 pages

About the bill

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History

May 18, 2006
 
Introduced

This is the first step in the legislative process.

This page is about a bill in the United States Congress. A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

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Primary Source

Congress.gov

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