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Estate Tax Relief Act of 2001

1/16/2023, 2:48 PM

Congressional Summary of HR 1437

Estate Tax Relief Act of 2001 - Amends the Internal Revenue Code to: (1) reduce the maximum estate and gift tax rate to 45 percent; (2) replace the unified credit against the estate and gift taxes with a unified exemption amount of $10 million; and (3) increase from $10,000 to $50,000 the annual gift exclusion amount.

Read the Full Bill

Current Status of Bill HR 1437

Bill HR 1437 is currently in the status of Bill Introduced since April 4, 2001. Bill HR 1437 was introduced during Congress 107 and was introduced to the House on April 4, 2001.  Bill HR 1437's most recent activity was See H.R.1836. as of August 13, 2001

Bipartisan Support of Bill HR 1437

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
3
Democrat Cosponsors
0
Republican Cosponsors
3
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 1437

Primary Policy Focus

Taxation

Potential Impact Areas

- Cost of living adjustments
- Economics and Public Finance
- Estate tax
- Gift tax
- Indexing (Economic policy)
- Tax credits
- Tax cuts
- Tax exclusion
- Tax exemption
- Tax rates

Alternate Title(s) of Bill HR 1437

Estate Tax Relief Act of 2001
To amend the Internal Revenue Code of 1986 to reduce the maximum estate and gift tax rate to 45 percent, to replace the unified credit against the estate and gift tax with a unified exemption amount, and to increase the gift exclusion amount.
Estate Tax Relief Act of 2001

Comments

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