HR 696

112th CONGRESS
1st Session

H. R. 696

To permanently extend the 2001 and 2003 tax relief provisions, and to permanently repeal the estate tax, and to provide permanent AMT relief, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

February 14, 2011

Mr. PENCE introduced the following bill; which was referred to the Committee on Ways and Means


A BILL

To permanently extend the 2001 and 2003 tax relief provisions, and to permanently repeal the estate tax, and to provide permanent AMT relief, and for other purposes.

SECTION 1. SHORT TITLE.

TITLE I--PERMANENT TAX RELIEF

SEC. 101. REPEAL OF EGTRRA SUNSET.

SEC. 102. REPEAL OF JGTRRA SUNSET.

SEC. 103. TECHNICAL AND CONFORMING AMENDMENTS.

TITLE II--PERMANENT INDIVIDUAL AMT RELIEF

SEC. 201. PERMANENT INDIVIDUAL AMT RELIEF.

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`For taxable years beginning in-- Theexemption amount is: 
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2011                                              $74,450 
2012                                              $78,250 
2013                                              $81,450 
2014                                              $85,050 
2015                                              $88,650 
2016                                              $92,650 
2017                                              $96,550 
2018                                             $100,950 
2019                                             $105,150 
2020                                             $109,950 
2021                                            $112,250. 
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`For taxable years beginning in-- The exemption amount is: 
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2011                                               $48,450 
2012                                               $50,350 
2013                                               $51,950 
2014                                               $53,750 
2015                                               $55,550 
2016                                               $57,550 
2017                                               $59,500 
2018                                               $61,700 
2019                                               $63,800 
2020                                               $66,200 
2021                                            $68,200.'. 
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TITLE III--PERMANENT ESTATE TAX RELIEF

SEC. 301. PERMANENT ESTATE TAX RELIEF.

END