S.Amdt. 849
What it does: Adds TITLE XVI--REPEAL OF DEATH TAX after title XV
Sen. William H. Frist (R-TN)What it changes
1 change to H.R. 6 · shown in the bill's text
Adds TITLE XVI--REPEAL OF DEATH TAX after title XV
Adds a titleIn H.R. 6 · Placed on Calendar Senate
(4) The term "a control or prohibition respecting a new fuel" means a control or prohibition on the formulation, composition, or emissions characteristics of a fuel that would require the increase or decrease of a constituent in gasoline or diesel fuel.
Inserted: TITLE XVI--REPEAL OF DEATH TAX
Inserted: SEC. 1601. REPEAL OF DEATH AND GENERATION-SKIPPING TRANSFER TAXES ACCELERATED TO 2006.
Inserted: (a) Death Tax Repeal.--
Inserted: (1) In general.--Section 2210 of the Internal Revenue Code of 1986 (relating to termination) is amended--
Inserted: (A) by striking "December 31, 2009" and inserting "December 31, 2005" both places it appears,
Inserted: (B) by striking "January 1, 2010" in subsection (b) and inserting "January 1, 2006", and
Inserted: (C) by striking "December 31, 2020" in subsection (b)(1) and inserting "December 31, 2015".
Inserted: (2) Generation-skipping transfer tax repeal.--Section 2664 of such Code (relating to termination) is amended by striking "December 31, 2009" and inserting "December 31, 2005".
Inserted: (3) Conforming amendments.--
Inserted: (A) The table contained in section 2010(c) of such Code is amended--
Inserted: (i) by inserting a period after "$1,500,000", and
Inserted: (ii) by striking the last 2 items.
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Inserted: (B) Section 1014(f) of such Code is amended by striking "December 31, 2009" and inserting "December 31, 2005".
Inserted: (C) Section 1022 of such Code is amended--
Inserted: (i) by striking "December 31, 2009" in subsection (a)(1) and inserting "December 31, 2005",
Inserted: (ii) in subsection (d)(4)(A)--
Inserted: (I) by striking "2010" and inserting "2005", and
Inserted: (II) by striking "2009" in clause (ii) and inserting "2005", and
Inserted: (iii) by striking "december 31, 2009" and inserting "december 31, 2005".
Inserted: (D) The table contained in section 2001(c)(2)(B) of such Code is amended--
Inserted: (i) by inserting a period after "47 percent", and
Inserted: (ii) by striking the last 2 items.
Inserted: (E) Section 2001(c)(2)(A) of such Code is amended by striking "2010" and inserting "2005".
Inserted: (F) The item in the table of sections for part II of subchapter O of chapter 1 of such Code relating to section 1022 is amended by striking "December 31, 2009" and inserting "December 31, 2005".
Inserted: (G) Section 501(d) of the Economic Growth and Tax Relief Reconciliation Act of 2001 (Public Law 107-16) is amended by striking "December 31, 2009" and inserting "December 31, 2005".
Inserted: (H) Paragraph (3) of section 511(f) of the Economic Growth and Tax Relief Reconciliation Act of 2001 (Public Law 107-16) is amended by striking "December 31, 2009" and inserting "December 31, 2005".
Inserted: (I) Paragraph (2) of section 521(e) of the Economic Growth and Tax Relief Reconciliation Act of 2001 (Public Law 107-16) is amended by striking "December 31, 2009" and inserting "December 31, 2005".
Inserted: (J) Subsection (f) of section 542 of the Economic Growth and Tax Relief Reconciliation Act of 2001 (Public Law 107-16) is amended by striking "December 31, 2009" each place it appears and inserting "December 31, 2005".
Inserted: (4) Effective Date.--The amendments made by this subsection shall apply to estates of decedents dying, gifts made, and generation skipping transfers after December 31, 2005.
Inserted: (b) Permanent Repeal of Death Taxes.--Section 901 of the Economic Growth and Tax Relief Reconciliation Act of 2001 is amended by striking "this Act" and all that follows through "2010." in subsection (a) and inserting "this Act (other than title V) shall not apply to taxable, plan, or limitation years beginning after December 31, 2010.", and by striking ", estates, gifts, and transfers" in subsection (b).
Original wording
After title XV (as agreed to) add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 849. Mr. FRIST submitted an amendment intended to be proposed by him to the bill H.R. 6, to ensure jobs for our future with secure, affordable, and reliable energy; which was ordered to lie on the table; as follows:
After title XV (as agreed to) add the following:
TITLE XVI--REPEAL OF DEATH TAX
SEC. 1601. REPEAL OF DEATH AND GENERATION-SKIPPING TRANSFER TAXES ACCELERATED TO 2006.
(a) Death Tax Repeal.--
(1) In general.--Section 2210 of the Internal Revenue Code of 1986 (relating to termination) is amended--
(A) by striking “December 31, 2009” and inserting “December 31, 2005” both places it appears,
(B) by striking “January 1, 2010” in subsection (b) and inserting “January 1, 2006”, and
(C) by striking “December 31, 2020” in subsection (b)(1) and inserting “December 31, 2015”.
(2) Generation-skipping transfer tax repeal.--Section 2664 of such Code (relating to termination) is amended by striking “December 31, 2009” and inserting “December 31, 2005”.
(3) Conforming amendments.--
(A) The table contained in section 2010(c) of such Code is amended--
(i) by inserting a period after “$1,500,000”, and
(ii) by striking the last 2 items.
(B) Section 1014(f) of such Code is amended by striking “December 31, 2009” and inserting “December 31, 2005”.
(C) Section 1022 of such Code is amended--
(i) by striking “December 31, 2009” in subsection (a)(1) and inserting “December 31, 2005”,
(ii) in subsection (d)(4)(A)--
(I) by striking “2010” and inserting “2005”, and
(II) by striking “2009” in clause (ii) and inserting “2005”, and
(iii) by striking “december 31, 2009” and inserting “december 31, 2005”.
(D) The table contained in section 2001(c)(2)(B) of such Code is amended--
(i) by inserting a period after “47 percent”, and
(ii) by striking the last 2 items.
(E) Section 2001(c)(2)(A) of such Code is amended by striking “2010” and inserting “2005”.
(F) The item in the table of sections for part II of subchapter O of chapter 1 of such Code relating to section 1022 is amended by striking “December 31, 2009” and inserting “December 31, 2005”.
(G) Section 501(d) of the Economic Growth and Tax Relief Reconciliation Act of 2001 (Public Law 107-16) is amended by striking “December 31, 2009” and inserting “December 31, 2005”.
(H) Paragraph (3) of section 511(f) of the Economic Growth and Tax Relief Reconciliation Act of 2001 (Public Law 107-16) is amended by striking “December 31, 2009” and inserting “December 31, 2005”.
(I) Paragraph (2) of section 521(e) of the Economic Growth and Tax Relief Reconciliation Act of 2001 (Public Law 107-16) is amended by striking “December 31, 2009” and inserting “December 31, 2005”.
(J) Subsection (f) of section 542 of the Economic Growth and Tax Relief Reconciliation Act of 2001 (Public Law 107-16) is amended by striking “December 31, 2009” each place it appears and inserting “December 31, 2005”.
(4) Effective Date.--The amendments made by this subsection shall apply to estates of decedents dying, gifts made, and generation skipping transfers after December 31, 2005.
(b) Permanent Repeal of Death Taxes.--Section 901 of the Economic Growth and Tax Relief Reconciliation Act of 2001 is amended by striking “this Act” and all that follows through “2010.” in subsection (a) and inserting “this Act (other than title V) shall not apply to taxable, plan, or limitation years beginning after December 31, 2010.”, and by striking “, estates, gifts, and transfers” in subsection (b).
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Senate amendment submitted
June 22, 2005