To make the repeal of the estate tax permanent.

January 7, 2003

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

To make the repeal of the estate tax permanent.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. ESTATE TAX REPEAL MADE PERMANENT.

(a) IN GENERAL- Section 901 of the Economic Growth and Tax Relief Reconciliation Act of 2001 is amended--

(1) in subsection (a) by striking `shall not apply--' and all that follows and inserting `(other than title V) shall not apply to taxable, plan, or limitation years beginning after December 31, 2010.', and

(2) in subsection (b) by striking `, estates, gifts, and transfers'.

(b) EFFECTIVE DATE- The amendments made by subsection (a) shall take effect as if included in section 901 of the Economic Growth and Tax Relief Reconciliation Act of 2001.

END