H.R. 1560 · 109th Congress
To amend the Internal Revenue Code of 1986 to increase the exclusion equivalent of the unified credit allowed…
Full title
To amend the Internal Revenue Code of 1986 to increase the exclusion equivalent of the unified credit allowed against the estate tax to $7,500,000 and to establish a flat estate tax rate.
Key: what the circles and colors mean
Each circle is a bill. The ring fills as it moves through Congress:
Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.
Gold and violet are only for Yea and Nay; they never mean a party. A member's party is the letter on their photo.
Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
FordSponsorNo cosponsors.
Amends the Internal Revenue Code to: (1) increase the estate tax exclusion to $7.5 million; and (2) establish a single estate tax rate of 27.5 percent.
What it does: CRS summary · Introduced in House · Apr 12, 2005
Amends the Internal Revenue Code to: (1) increase the estate tax exclusion to $7.5 million; and (2) establish a single estate tax rate of 27.5 percent.
Repeals certain provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) relating to estate, gift, and generation-skpping transfer taxes.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: To amend the Internal Revenue Code of 1986 to increase the exclusion equivalent of the unified credit allowed against the estate tax to $7,500,000 and to establish a flat estate tax rate.
Latest action (Apr 12, 2005): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Apr 12, 2005
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.