Sensible Estate Tax Relief Act of 2012
Latest action · Jul 30, 2012 Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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.
- IntroducedJul 30, 2012
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Sensible Estate Tax Relief Act of 2012 - Extends through 2013 provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 pertaining to estates, gifts, and generation-skipping transfers.
Amends the Internal Revenue Code to: (1) allow a basic estate tax exclusion amount of $3.5 million, and (2) establish a maximum 45% estate tax rate.
Exempts the budgetary effects of this Act from the Statutory Pay-As-You-Go Act of 2010.
Cosponsors 14
Members who signed on, in the order they did. Signatures ran from Jul 30, 2012 to Jul 31, 2012; 12 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NJ | Bill Pascrell, Jr. | Original | Jul 30, 2012 |
| D-NY | Charles B. Rangel | Original | Jul 30, 2012 |
| D-MD | Chris Van Hollen | Original | Jul 30, 2012 |
| D-OR | Earl Blumenauer | Original | Jul 30, 2012 |
| D-SC | James E. Clyburn | Original | Jul 30, 2012 |
| D-CT | John B. Larson | Original | Jul 30, 2012 |
| D-GA | John Lewis | Original | Jul 30, 2012 |
| D-NY | Joseph Crowley | Original | Jul 30, 2012 |
| D-CA | Lois Capps | Original | Jul 30, 2012 |
| D-CA | Nancy Pelosi | Original | Jul 30, 2012 |
| D-MA | Richard E. Neal | Original | Jul 30, 2012 |
| D-MD | Steny H. Hoyer | Original | Jul 30, 2012 |
| D-MI | John D. Dingell | Jul 31, 2012 | |
| D-VT | Peter Welch | Jul 31, 2012 |
Committees 2
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 Jul 30, 2012 |
| House | Budget Committee | Referred Jul 30, 2012 |
Actions 2
Everything that happened, newest first.
- Jul 30, 2012Introduced in House
- Jul 30, 2012Referred to the Committee on Ways and Means, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the page H5331.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| — | PROPOSAL TO REDUCE CHILD DEATHS DUE TO MALTREATMENT97 pages | Ways and Means Committee | Dec 12, 2012 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 3393 | Middle Class Tax Cut Act | Related bill | Jul 18, 2012 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To provide estate, gift, and generation-skipping transfer tax relief.
- Short Titles as Introduced
- Sensible Estate Tax Relief Act of 2012
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Jul 30, 2012Introduced 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.
