S. 169Senate108th Congress (2003-2005)In Committee

Permanent Death Tax Repeal Act of 2003

Sponsored by Jon KylSen. Jon Kyl (R-AZ)
Introduced January 15, 2003

Legislative Activity

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2 earlier actions
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Finance.

January 15, 2003

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SenateIntro Referral

Introduced in Senate

January 15, 2003

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S854)

January 15, 2003

SenateIntro Referral

Read twice and referred to the Committee on Finance.

January 15, 2003

Floor Debate

11 members

What members said about S. 169 on the floor

4 Republicans7 Democrats
John McCain
Sen. John McCainR-AZ · Jan 15, 2003

Mr. President, I rise to introduce legislation to authorize the distribution of judgment funds to eligible tribal members of the Gila River Indian Community in Arizona. Identical legislation…

Thomas A. Daschle
Sen. Thomas A. DaschleD-SD · Jan 15, 2003

Mr. President, today I join Senators Boxer, Chafee, and others to introduce The Toxic Clean Up and Polluter Pays Renewal Act for. For more than 20 years, the polluter pays principle has been a…

Dianne Feinstein
Sen. Dianne FeinsteinD-CA · Jan 15, 2003

Mr. President, I rise today to join Senator Hutchison in introducing the Air Cargo Security Act, a bill that passed the Senate by Unanimous Consent in the 107th Congress. Today Senator Hutchison and…

Jeff Bingaman
Sen. Jeff BingamanD-NM · Jan 15, 2003

Mr. President, I rise today with my colleague, Senator DeWine, to introduce legislation which will help maintain our leadership in a field Thomas Edison invented over 100 years ago, lighting. The…

Jon Kyl
Sen. Jon KylR-AZ · Jan 15, 2003

Mr. President, today I am introducing legislation to repeal the death tax permanently, effective January 1, 2005. While I strongly believe that Congress must make all of the tax cuts enacted in 2001…

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Jon Kyl
Sen. Jon KylR-AZ · Jan 15, 2003

Mr. President, today I am introducing legislation to repeal the death tax permanently, effective January 1, 2005. While I strongly believe that Congress must make all of the tax cuts enacted in 2001…

George V. Voinovich
Sen. George V. VoinovichR-OH · Jan 15, 2003

Mr. President, I rise today to introduce the Clean Water Infrastructure Financing Act of 2003, legislation which will reauthorize the highly successful, but undercapitalized, Clean Water State…

Joseph R. Biden Jr.
Sen. Joseph R. Biden Jr.D-DE · Jan 15, 2003

Mr. President, as another semester begins, many college students are worrying not only about their course loads and class work, but about how they will pay for school. Today, the average cost of…

Barbara Boxer
Sen. Barbara BoxerD-CA · Jan 15, 2003

Mr. President, today I am reintroducing a bill that addresses a critical gap that now exists in the funding for the clean- up of the Nation's most toxic waste sites. The Toxic Clean-up Polluter Pays…

Kay Bailey Hutchison
Sen. Kay Bailey HutchisonR-TX · Jan 15, 2003

Mr. President, I rise today to introduce, along with my colleague Senator Feinstein, the Air Cargo Security Act. Since the 9/11 attacks, we in Congress, working with the Administration, the aviation…

Blanche L. Lincoln
Sen. Blanche L. LincolnD-AR · Jan 15, 2003

Mr. President, I am pleased to introduce legislation that codifies the exclusion of irrevocable funeral trusts from Supplemental Security Income, SSI, resource calculations. Irrevocable funeral…

Mark Dayton
Sen. Mark DaytonD-MN · Jan 15, 2003

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Bill Text

Latest available legislative text

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Latest
Introduced in SenateIssued January 15, 2003
        [Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 169 Introduced in Senate (IS)]

108th CONGRESS
1st Session
S. 169

To permanently repeal the estate and generation-skipping transfer
taxes.

_______________________________________________________________________

IN THE SENATE OF THE UNITED STATES

January 15, 2003

Mr. Kyl introduced the following bill; which was read twice and
referred to the Committee on Finance

_______________________________________________________________________

A BILL

To permanently repeal the estate and generation-skipping transfer
taxes.

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Permanent Death Tax Repeal Act of
2003''.

SEC. 2. REPEAL OF ESTATE AND GENERATION-SKIPPING TRANSFER TAXES
ACCELERATED TO 2005.

(a) Estate Tax Repeal.--Section 2210 of the Internal Revenue Code
of 1986 (relating to termination) is amended--
(1) by striking ``December 31, 2009'' and inserting
``December 31, 2004'' both places it appears,
(2) by striking ``January 1, 2010'' in subsection (b) and
inserting ``January 1, 2005'', and
(3) by striking ``December 31, 2020'' in subsection (b)(1)
and inserting ``December 31, 2014''.
(b) Generation-Skipping Transfer Tax Repeal.--Section 2664 of such
Code (relating to termination) is amended by striking ``December 31,
2009'' and inserting ``December 31, 2004''.
(c) Conforming Amendments.--
(1) The table contained in section 2010(c) of such Code is
amended--
(A) by striking ``and 2005'',
(B) by inserting a period after ``$1,500,000'', and
(C) by striking the last 2 items.
(2) Section 1014(f) of such Code is amended by striking
``December 31, 2009'' and inserting ``December 31, 2004''.
(3) Section 1022 of such Code is amended--
(A) by striking ``December 31, 2009'' in the
heading and in subsection (a)(1) and inserting
``December 31, 2004'', and
(B) in subsection (d)(4)(A)--
(i) by striking ``2010'' and inserting
``2005'', and
(ii) by striking ``2009'' in clause (ii)
and inserting ``2004''.
(4) The table contained in section 2001(c)(2)(B) of such
Code is amended--
(A) by inserting a period after ``48 percent'', and
(B) by striking the last 3 items.
(5) Section 2001(c)(2)(A) of such Code is amended by
striking ``2010'' and inserting ``2005''.
(6) 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, 2004''.
(7) 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,
2004''.
(8) 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, 2004''.
(9) 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, 2004''.
(10) 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, 2004''.
(d) Effective Date.--The amendments made by this section shall take
effect on the date of the enactment of this Act.

SEC. 3. PERMANENT REPEAL OF ESTATE 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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