Bill114th CongressFiled Apr 20, 2016Taxation
H.R. 4996
Sensible Estate Tax Act of 2016
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Apr 20, 2016)
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.)
What just happenedApr 20, 2016
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Levin, Sander M. [D-MI-9](D-MI)Sponsor
8 cosponsors8 D
8cosponsors1committees3actions1subjects
- Introduced in HouseApr 20, 2016
- Apr 20, 2016IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Apr 20, 2016IntroReferralIntro-H
Introduced in House
- Apr 20, 2016IntroReferral1000
Introduced in House