House Ways and Means Committee Chair Sander Levin announced to reporters yesterday that he hopes to begin work on an estate tax bill in the coming weeks that would adopt 2009's $3.5 million exemption and 45% top rate, retroactive to January 1, 2010. But he said the committee is exploring giving estates the choice in 2010 of whether to follow the reinstituted 2009 law or the repealed 2010 law (no estate tax, carryover income tax basis).
3 responses to “Ways & Means Chair Favors Retroactive Return of Estate Tax ($3.5m Exemption, 45% Rate), TP Choice of Applying 2009 or 2010 Law”
W&M chair: Retroactive estate tax reinstatement, 45% rate…
…and maybe an option of choosing between 2009 and 2010 tax law for estates of those dying this year….
W&M chair: Retroactive estate tax reinstatement, 45% rate…
…and maybe an option of choosing between 2009 and 2010 tax law for estates of those dying this year….
W&M chair: Retroactive estate tax reinstatement, 45% rate…
…and maybe an option of choosing between 2009 and 2010 tax law for estates of those dying this year….
W&M chair: Retroactive estate tax reinstatement, 45% rate…
…and maybe an option of choosing between 2009 and 2010 tax law for estates of those dying this year….
W&M chair: Retroactive estate tax reinstatement, 45% rate…
…and maybe an option of choosing between 2009 and 2010 tax law for estates of those dying this year….
W&M chair: Retroactive estate tax reinstatement, 45% rate…
…and maybe an option of choosing between 2009 and 2010 tax law for estates of those dying this year….
W&M chair: Retroactive estate tax reinstatement, 45% rate…
…and maybe an option of choosing between 2009 and 2010 tax law for estates of those dying this year….
W&M chair: Retroactive estate tax reinstatement, 45% rate…
…and maybe an option of choosing between 2009 and 2010 tax law for estates of those dying this year….
W&M chair: Retroactive estate tax reinstatement, 45% rate…
…and maybe an option of choosing between 2009 and 2010 tax law for estates of those dying this year….