US HB4154 | 2009-2010 | 111th Congress

Status

Spectrum: Partisan Bill (Democrat 12-0)
Status: Engrossed on December 3 2009 - 50% progression, died in chamber
Action: 2010-01-20 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 253.
Text: Latest bill text (Introduced) [PDF]

Summary

Division A: Permanent Estate Tax Relief for Families, Farmers, and Small Businesses Act of 2009 - Permanent Estate Tax Relief For Families, Farmers, and Small Businesses Act of 2009 - (Sec. 2) Repeals provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) eliminating the tax on estates and generation-skipping transfers and the step-up in basis provisions for property acquired from a decedent for estates of decedents dying after 2009 (thus retaining estate and gift tax provisions in effect in 2009). Declares that the sunset provision (general termination date of December 10, 2010) of EGTRRA shall not apply to the estate and gift tax provisions of that Act (thus preventing a reversion to estate and gift tax provisions in effect prior to its enactment). (Sec. 3) Amends the Internal Revenue Code to establish a permanent $3.5 million exclusion amount and a maximum tax rate of 45% for decedents dying, and gifts made, after December 31, 2009. Division B: Statutory Pay-As-You-Go Act of 2009 - Statutory Pay-As-You-Go Act of 2009 - (Sec. 104) Requires a Pay-As-You-Go (PAYGO) Act to include by reference an estimate of its budgetary effects as determined by the Congressional Budget Act of 1974 (CBA), if timely submitted for printing in the Congressional Record by the chairs of the congressional budget committees (chairs) before the vote on it. Requires: (1) the Clerk of the House of Representatives or the Secretary of the Senate, as applicable, also to incorporate by reference such printed estimate into the enrollment of a PAYGO Act; and (2) budgetary effects that are not so included to be determined by the Office of Management and Budget (OMB) estimates. Amends the CBA to require the chairs to request from the Director of the Congressional Budget Office (CBO) an estimate of the budgetary effects of a PAYGO Act before a vote in either chamber on it that, if determined in the affirmative, would clear it for enrollment. Directs the chairs to post such estimate on their respective committee websites and cause it to be printed in the Congressional Record under "PAYGO ESTIMATE." Requires CBO to make specified estimate adjustments when calculating budgetary effects of certain designated legislation affecting current policy, as detailed in section 7 of this Act. Requires OMB to maintain and make publicly available a continuously updated document containing two PAYGO scorecards (the first for a 5-year period and the second for a 10-year period for the beginning of each respective budget year) displaying the budgetary effects of PAYGO legislation, applying certain look-back and averaging requirements. Requires OMB to display as a separate addendum the cost estimates of provisions designated in statute as emergency requirements. (Sec. 105) Requires OMB to: (1) make an annual public PAYGO report, including a up-to-date document containing the PAYGO scorecards, within 14 business days after Congress adjourns to end a session; and (2) prepare for the President an offsetting sequestration order, which the President shall issue if such report shows a debit on either PAYGO scorecard for the budget year. (Sec. 106) Prescribes requirements for calculating a sequestration for nonexempt direct spending programs, including Medicare payments and certain nonexempt mandatory programs. (Sec. 107) Prescribes requirements for CBO adjustments of estimates of budgetary effects of PAYGO legislation for legislation affecting current policy for: (1) payments made under title XVIII (Medicare) of the Social Security Act for physician services; (2) the Estate and Gift Tax under the Internal Revenue Code; and (3) the permanent extension of middle-class tax cuts and the Alternative Minimum Tax (AMT) relief under EGTRRA or the Jobs and Growth Tax Relief and Reconciliation Act of 2003. (Sec. 108) Applies to this Act certain sequestration order requirements of the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act), as amended by this Act, including the authority of Members of Congress and certain individuals to request an expedited judicial review of a sequestration order. (Sec. 109) Makes technical and conforming amendments to the Gramm-Rudman-Hollings Act. (Sec. 110) Exempts from sequestration: (1) low-income subsidies and catastrophic subsidies under Part D (Voluntary Prescription Drug Benefit Program) of the Social Security Act (SSA); and (2) qualified individual (QI) premiums for Medicare cost-sharing for certain dual eligible low-income Medicare beneficiaries under SSA title XIX (Medicaid). (Sec. 111) Amends the Gramm-Rudman-Hollings Act to specify additional Social Security, veterans, Tier I Railroad Retirement benefits and other programs and activities exempt from a sequestration order as well as certain economic recovery programs.

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Title

Permanent Estate Tax Relief for Families, Farmers, and Small Businesses Act of 2009

Sponsors


Roll Calls

2009-12-03 - House - On passage (Y: 225 N: 200 NV: 0 Abs: 9) [PASS]
2009-12-03 - House - On motion to table the appeal of the ruling of the chair (Y: 234 N: 186 NV: 0 Abs: 14) [PASS]
2009-12-03 - House - On motion to recommit with instructions (Y: 187 N: 233 NV: 0 Abs: 14) [FAIL]

History

DateChamberAction
2010-01-20 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 253.
2009-12-24 Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
2009-12-03 Received in the Senate.
2009-12-03 Motion to reconsider laid on the table Agreed to without objection.
2009-12-03 On passage Passed by the Yeas and Nays: 225 - 200 (Roll no. 929). (text: CR H13482)
2009-12-03 On motion to recommit with instructions Failed by recorded vote: 187 - 233 (Roll no. 928).
2009-12-03 The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H13493-13494; text: CR H13493)
2009-12-03 DEBATE - The House proceeded with 10 minutes of debate on the Heller motion to recommit with instructions. The instructions contained in the motion seek to report the same back to the House with an amendment to extend the death tax repeal extension act until December 31, 2011.
2009-12-03 Mr. Heller moved to recommit with instructions to Ways and Means. (consideration: CR H13492; text: CR H13492)
2009-12-03 On motion to table the appeal of the ruling of the chair Agreed to by the Yeas and Nays: 234 - 186 (Roll no. 927).
2009-12-03 Mr. Pomeroy moved to table the appeal of the ruling of the chair (consideration: CR H13491-13492)
2009-12-03 Mr. Heller appealed the ruling of the chair. The question was then put on sustaining the ruling of the chair.
2009-12-03 Point of order sustained against the motion to recommit with instructions.
2009-12-03 Mr. Pomeroy raised a point of order against the motion to recommit with instructions. Mr. Pomeroy stated that the provisions of the amendment violates clause 10 of rule 21 by increasing the deficit. Sustained by the Chair.
2009-12-03 Mr. Heller moved to recommit with instructions to Ways and Means. (consideration: CR H13491; text: CR H13491)
2009-12-03 The previous question was ordered pursuant to the rule. (consideration: CR H13491)
2009-12-03 DEBATE - The House proceeded with one hour of debate on H.R. 4154.
2009-12-03 Rule provides for consideration of H.R. 4154 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit. Measure will be considered read. Bill is closed to amendments. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI.
2009-12-03 Considered under the provisions of rule H. Res. 941. (consideration: CR H13482-13494)
2009-12-03 Rule H. Res. 941 passed House.
2009-12-02 Rules Committee Resolution H. Res. 941 Reported to House. Rule provides for consideration of H.R. 4154 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit. Measure will be considered read. Bill is closed to amendments. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI.
2009-11-19 Referred to the House Committee on Ways and Means.

Same As/Similar To

HR941 (Related) 2009-12-03 - Motion to reconsider laid on the table Agreed to without objection.
HB436 (Related) 2009-01-09 - Referred to the House Committee on Ways and Means.
HB2920 (Related) 2009-07-23 - Received in the Senate and Read twice and referred to the Committee on the Budget.
HB3841 (Related) 2009-10-15 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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