Summary: H.R.4172 — 110th Congress (2007-2008)All Information (Except Text)

There is one summary for H.R.4172. Bill summaries are authored by CRS.

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Introduced in House (11/14/2007)

Amends the Internal Revenue Code to: (1) restore the tax on estates and generation-skipping transfers; (2) repeal the termination of provisions allowing a step-up in basis for property transferred by a decedent; and (3) increase the estate tax exclusion amount to $3.5 million, with an annual inflation adjustment to such amount beginning in 2008.