Estate Tax Relief Act of 2001

1/16/2023, 10:48 PM
Estate Tax Relief Act of 2001 - Amends the Internal Revenue Code to: (1) reduce the estate and gift tax rate; and (2) increase the unified credit exclusion to $10 million.
Congress
107
Number
HR - 42
Introduced on
2001-01-03
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

1/3/2001
Text
PDF

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Estate Tax Relief Act of 2001 - Amends the Internal Revenue Code to: (1) reduce the estate and gift tax rate; and (2) increase the unified credit exclusion to $10 million.
Alternative Names
Official Title as IntroducedTo amend the Internal Revenue Code of 1986 to reduce estate and gift tax rates, and for other purposes.
Policy Areas
Taxation
Potential Impact
Commerce•
Cost of living adjustments•
Economics and Public Finance•
Estate tax•
Families•
Family enterprises•
Gift tax•
Indexing (Economic policy)•
Tax credits•
Tax cuts•
Tax deductions•
Tax rates

Comments

Related

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Member:  Steven C. LaTourette
Member:  Mark E. Souder
Member:  Rob Simmons
Member:  James H. Maloney
Member:  Ray LaHood
Member:  Chet Edwards
Member:  Judy Biggert
Member:  Joel Hefley
Member:  Thomas E. Petri
Member:  John Cooksey
Member:  Ed Whitfield
Member:  Dave Weldon
Member:  Bob Schaffer
Member:  Christopher Shays
Member:  Eric Cantor
Member:  Zach Wamp
Member:  Michael Bilirakis
Member:  Bob Barr
Member:  Roscoe G. Bartlett
Member:  Doug Bereuter
Bill Update Alert:  Economic Growth and Tax Relief Reconciliation Act of 2001

Recent Activity

Latest Summary11/28/2006
Estate Tax Relief Act of 2001 - Amends the Internal Revenue Code to: (1) reduce the estate and gift tax rate; and (2) increase the unified credit exclusion to $10 million.
Latest Action8/13/2001
See H.R.1836.