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Key Votes
H Amdt 786 - Amending the Estate Tax - National Key Vote
Jesse Jackson, Jr. voted Yea (Amendment Vote) on this Amendment.
Read statements Jesse Jackson, Jr. made in this general time period.
Timeline
Related Legislation
- HR 4853 -
- S Amdt 4727 - Extension of Tax Cuts for Those Making Under $250,000
- S Amdt 4728 - Extension of Tax Cuts for Those Making Under $1 Million
Issues Related to H Amdt 786
Stage Details
Amendment -
Amendment Rejected
(House)
(194-233) -
Dec. 16, 2010(Key vote)
See How Your Politicians Voted
Title: Amending the Estate Tax
Vote Result
Yea Votes
Nay Votes
Vote to adopt an amendment to HR 4853 to temporarily amend estate tax laws.
- Lowers the applicable exclusion amount from $5 million to $3.5 million (Sec. 302).
- Increases the maximum estate tax rate from 35 percent to 45 percent (Sec. 302):
- Caps the amount of tax on any estate over $1.5 million at $555,880 plus 45 percent of the excess of such amount over $1.5 million.
- Adjusts the inflation amount for a credit against the gift tax from a rate by which the Consumer Price Index of the previous calendar year exceeds the Consumer Price Index for 1992 to a rate by which the Consumer Price Index of the previous calendar year exceeds the Consumer Price Index for 2010 (Sec. 302).
- Requires the amount adjusted to be rounded to the nearest $10,000.
- Establishes the rate of tax imposed in the case of 1 or more gifts made in effect of the decedent's death, as well as any credit allowed against the tax (Sec. 302).
Sponsors
- Sander M. 'Sandy' Levin (MI - D) (Out Of Office)
