Legislative Action on the Estate Tax in the 106th and 107th Congresses
by Guest Blogger, 2/15/2002
A list of bills introduced into the 106th and 107th Congresses.
Action on the Estate Tax by the 107th Congress
- Action on Final Estate Tax Language in 2001 Tax Cut Debate
- Estate Tax Preserved: Victory for America's Charities. Although both the House and the Senate (58-33) passed the $1.35 trillion tax bill, the tax cuts, including the repeal of the estate tax, will only be in effect until December 31, 2010. (5/26/01)
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S. Amdt. 781 - Estate Tax Reform Amendment proposed by Sen. Kent Conrad (D-ND) (5/22/01)
- Conrad's amendment would have dropped total elimination of the estate tax in 2011 and used the savings to pay down more of the national debt. OMB Watch summary of vote on Conrad amendment
- The amendment failed on a 42-57 vote (May 22, 2001).
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S. Amdt. 770 - Estate Tax Reform Amendment proposed by Sen. Carl Levin (D-MI) (5/22/01)
- To accelerate the increase in exemption amount for estates and reduce the reduction in the 39.6 percent marginal tax rate.
- The amendment failed on a 42-57 vote (May 22, 2001).
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S. Amdt. 748 - Estate Tax Reform Amendment proposed by Sen. Bill Nelson (D-FL) (5/21/01)
- To provide a proportionate reduction in the credit for State death taxes before repeal, thereby allowing for responsible full estate tax repeal.
- Amendment failed on a 42-57 vote (May 21, 2001).
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S. Amdt. 726 - Estate Tax Reform Amendment proposed by Sen. Russell D. Feingold (D-WI) (5/21/01)
- To preserve the estate tax for estates of more than $100 million in size and increase the income limits applicable to the 10 percent rate bracket for individual income taxes.
- Amendment failed on a 48-51 vote (May 21, 2001).
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S. Amdt. 713 - Estate Tax Reform Amendment proposed by Sen. Byron Dorgan (D-ND) (5/21/01)
- The Dorgan amendment would have maintained an estate tax, but would have eliminated the tax for all qualified family-owned farms and small businesses and would have raised the exemptions and lowered the marginal rates. OMB Watch summary of Dorgan amendment
- Amendment failed on a 43-56 vote (May 21, 2001).
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S. Amdt. 695 - Estate Tax Reform Amendment proposed by Sen. Christopher Dodd (D-CT) (5/21/01)
- The Dodd amendment would have limited the reduction in the 39.6% rate to 38% and replaced the estate tax repeal with increases in the unified credit and the family-owned business exclusion and used the savings for Federal debt reduction and improvements to the Nation's nontransportation infrastructure.
- Amendment failed on a 39-60 vote (May 21, 2001).
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S. Amdt. 688 - Estate Tax Reform Amendment proposed by Sen. Bob Graham (D-FL) (5/17/01)
- The Graham amendment would have provided a reduction in State estate tax revenues in proportion to the reduction in Federal estate tax revenues.
- Amendment failed on a 39-60 vote (May 21, 2001).
- HR 8 was passed by the House, by a vote of 274-154, on April 4, 2001
- HR 8 is on the House floor this week (4/2/01)
- House Ways and Means Committee approved HR 8 by a vote of 24-14 on March 29, 2001
- HR 8, introduced by Rep. Jennifer Dunn (R-WA), would phaseout the estate tax over a 10-year period.
- HR 330, introduced by Ways and Means Committee member, Rep. Jennifer Dunn (R-WA) would repeal the estate tax, gift tax, and the tax on generation-skipping transfers.
- Death Tax Termination Act (H.R. 130), H.R. 153, H.R. 193, and the "Tax Cut With a Purpose Act" (S. 35)
- Estate and Gift Tax Rate Reduction Act (S. 31)
- Estate and Gift Tax Repeal Act (S. 83) and (S. 84)
- S. 9 is the Democratic alternative to the Bush plan
- Estate Tax Relief Act (H.R. 42)
- Family Equity Preservation Act (H.R. 88)
- Private Land Conservation Tax Act (H.R. 110)
- "Estate Tax Bill" H.R. 8
- Congressional voting records on H.R. 8
- Remarks by the President on Veto of Death Tax Elimination Act of 2000 (August 31, 2000)
- Statement of Administration Policy on H.R. 8 - Death Tax Elimination Act of 2000 (July 11, 2000)
- OMB Watch analysis of H.R. 8
