114-hr-4996114th Congress

Sensible Estate Tax Act of 2016

Sponsored By: Representative SANDER LEVIN

Unknown

Summary

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.)

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

SANDER LEVIN

MI • D

Cosponsors

  • CHARLES RANGEL

    NY • D

    Sponsored 4/20/2016

  • Rep. Blumenauer, Earl [D-OR-3]

    OR • D

    Sponsored 4/20/2016

  • Sen. Van Hollen, Chris [D-MD]

    MD • D

    Sponsored 4/20/2016

  • JOSEPH CROWLEY

    NY • D

    Sponsored 4/20/2016

  • Rep. Pascrell, Bill, Jr. [D-NJ-9]

    NJ • D

    Sponsored 4/20/2016

  • Rep. Neal, Richard E. [D-MA-1]

    MA • D

    Sponsored 4/20/2016

  • Rep. Hoyer, Steny H. [D-MD-5]

    MD • D

    Sponsored 4/20/2016

  • Rep. Larson, John B. [D-CT-1]

    CT • D

    Sponsored 4/20/2016

Roll Call Votes

No roll call votes available for this bill.

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