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H Amdt 763 - Estate Tax Substitute Amendment - National Key Vote

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Title: Estate Tax Substitute Amendment

Vote Smart's Synopsis:

Vote to adopt a substitute amendment that would increase the estate tax exemption for small businesses and family owned farms and reduce all estate taxes by 20 percent.

Highlights:

  • Increases the estates tax exemption from $1.3 million to $2 million for small businesses and family owned farms, and from $675,000 to $1.1 million for individuals.
  • Provides a 20 percent across-the-board reduction to estate and gift taxes.

Full Bill Text

NOTE: THIS IS A SUBSTITUTE AMENDMENT, WHICH REPLACES THE ENTIRE TEXT OF THE LEGISLATION WITH A NEW TEXT. THE DEGREE TO WHICH THE SUBSTITUTE BILL TEXT DIFFERS FROM THE PREVIOUS VERSION OF THE TEXT CAN VARY GREATLY.

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