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Key Votes

HR 5638 - Death/Estate Tax Amendment - Key Vote

National Key Votes

Lee Terry voted Yea (Passage) on this Legislation.

Read statements Lee Terry made in this general time period.

Stages

Family

Issues

Stage Details

Legislation - Placed on Calendar (Senate) -
Legislation - Bill Passed (House) (269-156) - (Key vote)

Title: Death/Estate Tax Amendment

Vote Smart's Synopsis:

Vote to pass a bill that reduces estate taxes beginning in 2010.

Highlights:
  • Increases the amount eligible for exemption in gifts and estates to $5 million as of 2010 (Sec. 2).
  • Decreases the tax rate for estates up to $25 million to 15 percent (Sec. 2).
  • Decreases the tax rate for estates above $25 million to 30 percent (Sec. 2).
  • Provides a 60 percent tax deduction of the qualified timber gain or the net capital gain, depending on which is less, of timber sales to those who choose to apply (Secs. 4, 1203).
Legislation - Introduced (House) -

Title: Death/Estate Tax Amendment

Sponsors

  • William M. 'Bill' Thomas (CA - R) (Out Of Office)

Co-sponsors

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