Congress: 111th

Sponsor: Representative Pomeroy, Earl (11/19/2009)

Committees: House - Ways and Means

Description: To amend the Internal Revenue Code of 1986 to repeal the new carryover basis rules in order to prevent tax increases and the imposition of compliance burdens on many more estates than would benefit from repeal, to retain the estate tax with a $3,500,000 exemption, to reinstitute and update the Pay-As-You-Go requirement of budget neutrality on new tax and mandatory spending legislation, enforced by the threat of annual, automatic sequestration, and for other purposes.

Lastest Action: 01/20/2010 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 253.  (All Actions)

Official: H.R.4154 -- 111th Congress