Capital Gains and Estate Tax Relief Act of 2009
Latest action · Jan 14, 2009 Referred to the House Committee on Ways and Means.
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.
- IntroducedJan 14, 2009
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Capital Gains and Estate Tax Relief Act of 2009 - Makes permanent the reduction in capital gains tax rates (from 20 to 15%) enacted by the Jobs and Growth Tax Relief and Reconciliation Act of 2003.
Amends the Internal Revenue Code to: (1) restore the unified credit against gift tax liability; (2) provide for annual increases in the estate tax exclusion amount between 2010 and 2015 and establish a permanent exclusion amount of $5 million for 2015 and thereafter; (3) provide for an inflation adjustment to the estate tax exclusion amount after 2015; (4) reduce estate tax rate brackets; and (5) allow a surviving spouse to use the unused unified estate tax credit of a deceased spouse.
Cosponsors 7
Members who signed on, in the order they did. Signatures ran from Jan 14, 2009 to Apr 22, 2009; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-IL | Mark Kirk | Original | Jan 14, 2009 |
| D-VA | Glenn C. Nye | Jan 27, 2009 | |
| R-TX | K. Michael Conaway | Mar 23, 2009 | |
| R-NC | Sue Wilkins Myrick | Mar 25, 2009 | |
| R-AK | Don Young | Mar 30, 2009 | |
| R-PA | Joseph R. Pitts | Apr 2, 2009 | |
| R-IL | Donald A. Manzullo | Apr 22, 2009 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Jan 14, 2009 |
Actions 3
Everything that happened, newest first.
- Jan 14, 2009Introduced in House
- Jan 14, 2009Sponsor introductory remarks on measure. (CR E86)
- Jan 14, 2009Referred to the House Committee on Ways and Means.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Extensions | Debate and remarks E86 | Harry E. Mitchell D-AZ | Jan 14, 2009 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To make permanent the individual income tax rates for capital gains, and for other purposes.
- Short Titles as Introduced
- Capital Gains and Estate Tax Relief Act of 2009
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Jan 14, 2009Introduced in House
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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
