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.
May 18, 2006
109th Congress, 2005–2006
Died in a previous Congress
This bill was introduced on May 18, 2006, in a previous session of Congress, but was not enacted.
Representative for Minnesota's 7th congressional district
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Last Updated: May 18, 2006
Length: 6 pages
About the bill
- Summary (CRS)
- 5/18/2006--Introduced.Repeals provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 which eliminated the estate and generation skipping transfer tax and carryover basis rules for estates.Reduces the estate ...
Legislative action may be ocurring on one of these bills in lieu of or in parallel to action on this bill.
Referred to Committee
Last Action: Jun 26, 2003
Last Action: Aug 3, 2006
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The “H.R.” in “H.R. 5421” means this is a House of Representatives 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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2 cosponsors (1R, 1D) (show)
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Civic Impulse. (2015). H.R. 5421 — 109th Congress: To amend the Internal Revenue Code of 1986 to restore the estate tax and repeal .... Retrieved from https://www.govtrack.us/congress/bills/109/hr5421
“H.R. 5421 — 109th Congress: To amend the Internal Revenue Code of 1986 to restore the estate tax and repeal ....” www.GovTrack.us. 2006. March 31, 2015 <https://www.govtrack.us/congress/bills/109/hr5421>
|title=H.R. 5421 (109th)
|accessdate=March 31, 2015
|author=109th Congress (2006)
|date=May 18, 2006
|quote=To amend the Internal Revenue Code of 1986 to restore the estate tax and repeal ...