US HB4996 | 2015-2016 | 114th Congress
Status
Spectrum: Partisan Bill (Democrat 9-0)
Status: Introduced on April 20 2016 - 25% progression, died in committee
Action: 2016-04-20 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 20 2016 - 25% progression, died in committee
Action: 2016-04-20 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Sensible Estate Tax Act of 2016 This bill amends the Internal Revenue Code to modify the estate and gift taxes. For the estate tax, the bill increases the rates and decreases the amount that is excluded from the tax. For the gift tax, the bill establishes a separate lifetime exclusion amount. (Under current law, the estate and gift taxes share a unified exclusion amount.)
Title
Sensible Estate Tax Act of 2016
Sponsors
| Rep. Sander Levin [D-MI] | Rep. Charles Rangel [D-NY] | Rep. Earl Blumenauer [D-OR] | Sen. Chris Van Hollen [D-MD] |
| Rep. Joseph Crowley [D-NY] | Rep. Bill Pascrell [D-NJ] | Rep. Richard Neal [D-MA] | Rep. Steny Hoyer [D-MD] |
| Rep. John Larson [D-CT] |
History
| Date | Chamber | Action |
|---|---|---|
| 2016-04-20 | House | Referred to the House Committee on Ways and Means. |
| 2016-04-20 | House | Introduced in House |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/114th-congress/house-bill/4996/all-info |
| Text | https://www.congress.gov/114/bills/hr4996/BILLS-114hr4996ih.pdf |
