Bill > HR16

Introduced Session

Sensible Estate Tax Relief Act of 2012 - Extends through 2013 provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 pertaining to estates, gifts, and generation-skipping transfers. Amends the Internal Revenue Code to: (1) allow a basic estate tax exclusion amount of $3.5 million, and (2) establish a maximum 45% estate tax rate. Exempts the budgetary effects of this Act from the Statutory Pay-As-You-Go Act of 2010.

Committee Categories

Earl Blumenauer (D),  Lois Capps (D),  Jim Clyburn (D),  Joseph Crowley (WFP),  John Dingell (D),  Steny Hoyer (D),  John Larson (D),  Sander Levin (D),  John Lewis (D),  Richard Neal (D),  Bill Pascrell (D),  Nancy Pelosi (D),  Charles Rangel (D),  Chris Van Hollen (D),  Peter Welch (D), 

Referred to House Budget (on 07/30/2012)

Official Document