S.Amdt. 2538
What it does: Adds SEC. __. 1-YEAR EXTENSION OF 2012 ESTATE AND GIFT TAX RULES at the end of the bill
Sen. Jon Kyl (R-AZ)What it changes
1 change to S. 2237 · shown in the bill's text
Adds SEC. __. 1-YEAR EXTENSION OF 2012 ESTATE AND GIFT TAX RULES at the end of the bill
Adds a sectionIn S. 2237 · Placed on Calendar Senate
(ii) multiplying the limitation under subparagraph (B)(ii) of such paragraph (as so in effect) by a fraction the numerator of which is the number of days in the taxable year after December 31, 2011, and the denominator of which is the number of days in the taxable year.
Inserted: SEC. __. 1-YEAR EXTENSION OF 2012 ESTATE AND GIFT TAX RULES.
Inserted: (a) In General.--Paragraph (2) of section 901(a) of the Economic Growth and Tax Relief Reconciliation Act of 2001 is amended by striking "December 31, 2012" and inserting "December 31, 2013".
Inserted: (b) Conforming Amendment.--Section 304 of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 is amended by inserting "in the same manner and to the same extent such section applies to the amendments made by title V of such Act" after "title".
Original wording
At the end, add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 2538. Mr. KYL (for himself and Mr. Thune) submitted an amendment intended to be proposed by him to the bill S. 2237, to provide a temporary income tax credit for increased payroll and extend bonus depreciation for an additional year, and for other purposes; which was ordered to lie on the table; as follows:
At the end, add the following:
SEC. __. 1-YEAR EXTENSION OF 2012 ESTATE AND GIFT TAX RULES.
(a) In General.--Paragraph (2) of section 901(a) of the Economic Growth and Tax Relief Reconciliation Act of 2001 is amended by striking “December 31, 2012” and inserting “December 31, 2013”.
(b) Conforming Amendment.--Section 304 of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 is amended by inserting “in the same manner and to the same extent such section applies to the amendments made by title V of such Act” after “title”.
Legislative Activity
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Senate amendment submitted
July 12, 2012