H.R. 2532 · 108th Congress
Save Social Security First Act of 2003
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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
KennedySponsor5 cosponsors · 5 D
2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Save Social Security First Act of 2003 - Repeals subtitles A (Repeal of Estate and Generation-Skipping Transfer Taxes) and E (Carryover Basis at Death; Other Changes Taking Effect With Repeal) of title V (Estate, Gift, and Generation-Skipping Transfer Tax Provisions) of the Economic Growth and Tax Relief Reconciliation Act of 2001.
What it does: CRS summary · Introduced in House · Jun 19, 2003
Save Social Security First Act of 2003 - Repeals subtitles A (Repeal of Estate and Generation-Skipping Transfer Taxes) and E (Carryover Basis at Death; Other Changes Taking Effect With Repeal) of title V (Estate, Gift, and Generation-Skipping Transfer Tax Provisions) of the Economic Growth and Tax Relief Reconciliation Act of 2001. Makes the sunset provisions of such Act inapplicable to the remainder of title V.
Sets the unified estate credit at $3 million and the maximum estate rate at 50 percent.
Appropriates, beginning in 2005, estate tax revenues to the Social Security trust funds.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Save Social Security First Act of 2003
Latest action (Jun 25, 2003): Sponsor introductory remarks on measure. (CR E1347)
Policy area: Taxation · Origin: House · Introduced: Jun 19, 2003
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.