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Will Estate Tax Reform Become a Reality?

Robert Soliz

Contributor

Posted by Robert SolizJuly 27, 2006 8:37 PM

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On June 22, 2006, the US House of Representatives approved H.R. 5638, the Permanent Estate Tax Relief Act of 2006 by a vote of 269-156. If enacted, the bill would increase the estate tax exemption to $5 million and lower the tax rate to 15% for estates between $5 million and $25 million and to 30% for estates greater than $25 million. The Senate has not yet taken up this bill.

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