HR 4996 · 114th Congress 2015–2017, ended

Sensible Estate Tax Act of 2016

Introduced Apr 20, 2016 Originated House Sponsor Sander M. Levin D-MI

Fact sheet

Latest action · Apr 20, 2016 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.

IntroducedApr 20, 2016
Passed HouseNot reached
Passed SenateNot reached
To the PresidentNot reached
Became lawNot reached

Summary

Sensible Estate Tax Act of 2016

This bill amends the Internal Revenue Code to modify the estate and gift taxes. For the estate tax, the bill increases the rates and decreases the amount that is excluded from the tax. For the gift tax, the bill establishes a separate lifetime exclusion amount. (Under current law, the estate and gift taxes share a unified exclusion amount.)

Cosponsors 8

Members who signed on, in the order they did. All signed on Apr 20, 2016.

Seat	Cosponsor		Signed on
D-NJ	Bill Pascrell, Jr.	Original	Apr 20, 2016
D-NY	Charles B. Rangel	Original	Apr 20, 2016
D-MD	Chris Van Hollen	Original	Apr 20, 2016
D-OR	Earl Blumenauer	Original	Apr 20, 2016
D-CT	John B. Larson	Original	Apr 20, 2016
D-NY	Joseph Crowley	Original	Apr 20, 2016
D-MA	Richard E. Neal	Original	Apr 20, 2016
D-MD	Steny H. Hoyer	Original	Apr 20, 2016

Actions 2

Everything that happened, newest first.

Apr 20, 2016Introduced in House
Apr 20, 2016Referred to the House Committee on Ways and Means.

Subjects

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

Text 1

Each version as it was printed, newest first.

Apr 20, 2016Introduced in House

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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.