583

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Amendment Number
583
Purpose
To reform the death tax by setting the exemption at $5 million per estate, indexed for inflation, and the top death tax rate at no more than 35% beginning in 2010; to avoid subjecting an estimated 119,200 families, family businesses, and family farms to the death tax each and every year; to promote continued economic growth and job creation; and to make the enhanced teacher deduction permanent.
Congress
110
Type
SAMDT
Latest Action Date
Mar 23, 2007
Latest Action Text
Amendment SA 583 not agreed to in Senate by Yea-Nay Vote. 48 - 51. Record Vote Number: 102.
Proposed Date
Mar 22, 2007
Submitted Date
Mar 22, 2007
Chamber
Senate
Update Date
Jul 10, 2021
Amendment 583 — Informed