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HR 543
107th Congress •
2001-2003 (Ended)
To amend the Internal Revenue Code of 1986 to reduce estate and gift tax rates to 30 percent, to increase the exclusion equivalent of the unified credit to $10,000,000, and to increase the annual gift tax exclusion to $50,000.
Amends the Internal Revenue Code to: (1) reduce estate and gift tax rates to 30 percent; (2) increase the exclusion equivalent of the unified credit to $10,000,000; and (3) increase the annual gift tax exclusion to $50,000.
Actions
Aug 13, 2001
See H.R.1836.
Feb 8, 2001
Referred to the House Committee on Ways and Means.