S 85 · 107th Congress 2001–2003, ended

A bill to amend the Internal Revenue Code of 1986 to increase the gift tax exclusion to $25,000.

Introduced Jan 22, 2001 Originated Senate Sponsor Richard G. Lugar R-IN

Fact sheet

Latest action · Jan 22, 2001 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S345)

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedJan 22, 2001
  2. Passed SenateNot reached
  3. Passed HouseNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Amends the Internal Revenue Code to increase the gift tax exclusion from $10,000 to $25,000.

Cosponsors 2

Members who signed on, in the order they did. Signatures ran from Feb 15, 2001 to Apr 30, 2001.

SeatCosponsorSigned on
R-NEChuck HagelFeb 15, 2001
R-MSThad CochranApr 30, 2001

Actions 3

Everything that happened, newest first.

  1. Jan 22, 2001Introduced in Senate
  2. Jan 22, 2001Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S345)
  3. Jan 22, 2001Sponsor introductory remarks on measure. (CR S343-344)

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Support LegiList

This page is free, carries no paywall, and is built and maintained by one person. If the record here is useful to you, a few dollars keeps it going.

$1 $5 $10

Processed by Stripe in a separate window. LegiList never sees card details.

Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.