S.3284 - A bill to amend the Internal Revenue Code of 1986 to permanently extend the estate tax as in effect in 2009, and for other purposes.110th Congress (2007-2008)
|Sponsor:||Sen. Carper, Thomas R. [D-DE] (Introduced 07/17/2008)|
|Committees:||Senate - Finance|
|Latest Action:||Senate - 07/17/2008 Read twice and referred to the Committee on Finance. (All Actions)|
This bill has the status Introduced
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Summary: S.3284 — 110th Congress (2007-2008)All Information (Except Text)
Introduced in Senate (07/17/2008)
Amends the Internal Revenue Code to: (1) restore the unified credit against the estate and gift tax after 2009; (2) establish the amount of such credit at $3.5 million adjusted for inflation in calendar years after 2010; and (3) reduce the maximum estate and gift tax rate to 45%.
Expresses the sense of the Senate that any reduction in federal revenues resulting from this Act should be fully offset.