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.
Actions
Aug 13, 2001
See H.R.1836.
Apr 5, 2001
Sponsor introductory remarks on measure. (CR E561)
Apr 4, 2001
Referred to the House Committee on Ways and Means.