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Estate Tax Reduction and Simplification Act of 2001
1/17/2023, 12:18 AM
Congressional Summary of HR 1285
Estate Tax Reduction and Simplification Act of 2001 - Amends the Internal Revenue Code to increase the unified estate tax credit deduction to $3 million. Provides for inflation adjustments.
Repeals the estate tax deduction for family-owned business interests.
Read the Full Bill
Current Status of Bill HR 1285
Bill HR 1285 is currently in the status of Bill Introduced since March 28, 2001. Bill HR 1285 was introduced during Congress 107 and was introduced to the House on March 28, 2001. Bill HR 1285's most recent activity was See H.R.1836. as of August 13, 2001
Bipartisan Support of Bill HR 1285
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
3Democrat Cosponsors
3Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 1285
Primary Policy Focus
TaxationPotential Impact Areas
- Agriculture and Food
- Commerce
- Cost of living adjustments
- Economics and Public Finance
- Estate tax
- Families
- Family enterprises
- Family farms
- Gift tax
- Indexing (Economic policy)
- Tax credits
- Tax exclusion
Alternate Title(s) of Bill HR 1285
Estate Tax Reduction and Simplification Act of 2001
To amend the Internal Revenue Code of 1986 to reduce and simplify the estate tax.
Estate Tax Reduction and Simplification Act of 2001
Comments
Sponsors and Cosponsors of HR 1285
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