US Congress Senate Bill 2784 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on November 17 2009 - 25% progression, died in chamber
Action: 2009-11-17 - Read twice and referred to the Committee on Finance.
Text: Latest bill text (Introduced) [PDF]

Amends the Internal Revenue Code to: (1) establish a permanent estate tax exclusion of $3.5 million ($7 million for married couples filing joint tax returns) and a maximum 45% tax rate for decedents dying, generation-skipping transfers, and gifts made, after December 31, 2009; (2) allow an annual inflation adjustment to the exclusion amount after 2010; and (3) allow a surviving spouse an increase in the estate tax exclusion by the unused exclusion amount of a deceased spouse. Expresses the sense of the Senate that any reduction in federal revenues resulting from this Act should be fully offset.

A bill to amend the Internal Revenue Code of 1986 to permanently extend the estate tax as in effect in 2009, and for other purposes.

Sen. Thomas Carper [D-DE]

Sen. George Voinovich [R-OH]

Date	Chamber	Action
2009-11-17		Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/senate-bill/2784/all-info
Text	https://www.congress.gov/111/bills/s2784/BILLS-111s2784is.pdf