H.R. 5970 - Estate Tax and Extension of Tax Relief Act of 2006

Estate Tax and Extension of Tax Relief Act of 2006

H.R. 5970 — 109^th Congress (2005–2006)

Summary

To amend the Internal Revenue Code of 1986 to increase the unified credit against the estate tax to an exclusion equivalent of $5,000,000, to repeal the sunset provision for the estate and generation-skipping taxes, and to extend expiring provisions, and for other purposes. (by CRS)

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Title

To amend the Internal Revenue Code of 1986 to increase the unified credit against the estate tax to an exclusion equivalent of $5,000,000, to repeal the sunset provision for the estate and generation-skipping taxes, and to extend expiring provisions, and for other purposes.

Other Titles

• Minimum Wage bill
• Estate Tax and Extension of Tax Relief Act of 2006
• Surface Mining Control and Reclamation Act Amendments of 2006
• Estate Tax and Extension of Tax Relief Act of 2006
• Surface Mining Control and Reclamation Act Amendments of 2006

Sponsor

William Thomas

Co-Sponsors

• Roy Blunt
• John Boehner
• Howard McKeon

Subjects

• Taxation
• Accounting
• Actions and defenses
• Affordable housing
• Agribusiness
• Agricultural labor
• Agricultural wastes
• Agriculture
• Aid to dependent children
• Airports
• Alabama
• Alcohol as fuel
• Alcohol tax
• Alternative energy sources
• American Samoa
• Armed forces
• Aviation fuels
• Awards, medals, prizes
• Bank accounts
• Biomass energy
• Bonds
• Broadband
• Brownfields
• Budgets
• Building construction
• Business
• Business travel
• Capital gains tax
• Cash welfare block grants
• Charitable contributions
• Children
• Coal
• Coke industry
• Collection of accounts
• College costs
• Community facilities
• Computers
• Conflict of interests
• Congregate housing
• Congress
• Congressional reporting requirements
• Consent decrees
• Construction costs
• Cost of living adjustments
• Criminal justice
• Curricula
• Defense policy
• Department of the Treasury
• Depletion allowances
• Depreciation and amortization
• Diesel motor
• Distance education
• District of Columbia
• Earned income tax credit
• Earnings
• Economic policy
• Education
• Education of the disadvantaged
• Electric utilities
• Elementary and secondary education
• Emergency management
• Employee health benefits
• Employee stock options
• Employment
• Energy
• Energy crops
• Environmental protection
• Estate tax
• Executive departments
• Families
• Federal-Indian relations
• Fees
• Finance
• Fines (Penalties)
• Floods
• Food
• Food stamps
• Foreign tax credit
• Gift tax
• Government employees
• Government information
• Government paperwork
• Government trust funds
• Hazardous substances
• Hazardous wastes
• Health policy
• Higher education
• Home ownership
• Hospitals
• Housing
• Humanities
• Hurricane aftermath legislation
• Hurricanes
• Income tax
• Indexing (Economic policy)
• Indian lands
• Indians
• Infrastructure
• Infrastructure (Economics)
• Inheritance tax
• Insurance premiums
• Intelligence activities
• Intelligence community staff
• Internal Revenue Service (IRS)
• Job training
• Judicial officers
• Judicial review
• Labor
• Law
• Legal fees
• Liability for environmental damages
• Licenses
• Liens
• Local employees
• Local taxation
• Louisiana
• Lumber trade
• Marine terminals
• Marine transportation
• Married people
• Mass rapid transit
• Medical care
• Medical savings accounts
• Medicine
• Mental health services
• Military pay
• Mine safety
• Mine wastes
• Miners
• Minimum tax
• Minimum wages
• Mining equipment
• Minorities
• Mississippi
• Mortgage guaranty insurance
• Music
• Natural gas
• Natural resources
• New York City
• New York State
• Oils and fats
• Pensions
• Petroleum
• Port authorities
• Puerto Rico
• Railroad employees
• Railroad engineering
• Reclamation of land
• Refuse and refuse disposal
• Refuse as fuel
• Rental housing
• Rescue work
• Research and development tax credit
• Restaurants
• Retiree health benefits
• Road construction
• Rural affairs
• Rural economic development
• Sales tax
• School buildings
• Science policy
• Scientific instruments and apparatus
• Sewage treatment
• Ships
• Solid wastes
• State and local government
• State employees
• State taxation
• Strip mining
• Student loan funds
• Sunset legislation
• Survivors' benefits
• Tax credits
• Tax deductions
• Tax evasion
• Tax exclusion
• Tax exemption
• Tax incentives
• Tax rates
• Tax refunds
• Tax returns
• Teacher education
• Teachers
• Teaching materials
• Technology
• Telecommunication
• Telemedicine
• Telephone
• Terrorism
• Timber sales
• Tipping
• Transportation
• Transportation engineering
• Travel costs
• Trusts and trustees
• Undercover operations
• Urban affairs
• Urban economic development
• Vaccines
• Veterans
• Veterans' benefits
• Virus diseases
• Water pollution
• Water resources
• Water treatment plants
• Waterways
• Welfare
• Welfare recipients
• Whistle blowing
• Wind power
• Withholding tax

Related Bills

• H.Res. 966 (109^th) : Providing for Consideration of the Bill (H.R. 5970) to Amend the Internal Revenue Code of 1986 to Increase the Unified Credit Against the Estate Tax to an Exclusion Equivalent of $5,000,000, to Repeal the Sunset Provision for the Estate and Generation-Skipping Taxes, and to Extend Expiring Provisions, and for Other Purposes; and Consideration of the Bill (H.R. 4) to Provide Economic Security for All Americans, and for Other Purposes.
• H.Res. 966 (109^th) : Providing for Consideration of the Bill (H.R. 5970) to Amend the Internal Revenue Code of 1986 to Increase the Unified Credit Against the Estate Tax to an Exclusion Equivalent of $5,000,000, to Repeal the Sunset Provision for the Estate and Generation-Skipping Taxes, and to Extend Expiring Provisions, and for Other Purposes; and Consideration of the Bill (H.R. 4) to Provide Economic Security for All Americans, and for Other Purposes.
• H.R. 3883 (109^th) : Timber Tax Act of 2005
• H.R. 5421 (109^th) : To Amend the Internal Revenue Code of 1986 to Restore the Estate Tax and Repeal the Carryover Basis Rule, to Increase the Estate and Gift Tax Unified Credit to an Exclusion Equivalent of $5,000,000, and to Reduce the Rate of the Estate and Gifts Taxes to the Generally Applicable Capital Gains Income Tax Rate.
• S. 1791 (109^th) : Timber Tax Act of 2005
• S. 3626 (109^th) : Estate Tax Relief and Reform Act of 2006
• S. 3829 (109^th) : Tax Relief and Minimum Wage Act of 2006

Major Actions

Introduced	7/28/2006
Referred to Committee
Amendments (1 proposed)
Passed House	7/29/2006

Bill History

• All Votes
• All Actions
• Amendments

	Chamber/Committee	Motion	Date	Result
select this vote	House	On Motion to Recommit with Instructions: H.R. 5970 Estate Tax and Extension of Tax Relief Act	7/29/2006	This motion DID NOT PASS the House 190 voted YES 220 voted NO 23 voted present/not voting
currently selected	House	On Passage - House - H.R. 5970 Estate Tax and Extension of Tax Relief Act	7/29/2006	This bill PASSED the House 230 voted YES 180 voted NO 22 voted present/not voting
select this vote	Senate	Motion to Invoke Cloture on the Motion to Proceed to Consider H.R.5970	8/04/2006	This motion DID NOT PASS the Senate 56 voted YES 42 voted NO 2 voted present/not voting

	Action	Date	Description
	Introduced	7/28/2006
		7/28/2006	Referred to the Committee on Ways and Means, and in addition to the Committees on Energy and Commerce, Education and the Workforce, and Resources, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
		7/28/2006	Referred to House Ways and Means
		7/28/2006	Referred to House Energy and Commerce
		7/28/2006	Referred to House Education and the Workforce
		7/28/2006	Referred to House Resources
		7/28/2006	Rules Committee Resolution H. Res. 966 Reported to House. Rule provides for consideration of H.R. 5970 and H.R. 4. Previous question shall be considered as ordered without intervening motions except motion to recommit. Measure will be considered read. Bill is closed to amendments. The resolution provides for consideration of both H.R. 5970 and H.R. 4, in the House.
		7/29/2006	Considered under the provisions of rule H. Res. 966.
		7/29/2006	Rule provides for consideration of H.R. 5970 and H.R. 4. Previous question shall be considered as ordered without intervening motions except motion to recommit. Measure will be considered read. Bill is closed to amendments. The resolution provides for consideration of both H.R. 5970 and H.R. 4, in the House.
		7/29/2006	DEBATE - The House proceeded with one hour of debate on H.R. 5970.
		7/29/2006	The previous question was ordered pursuant to the rule. (consideration: CR 7/28/2005 H6201)
		7/29/2006	Mr. Miller, George moved to recommit with instructions to Education and Labor. (consideration: CR 7/28/2005 H6201-6220; text: CR 7/28/2005 H6201-6219)
		7/29/2006	DEBATE - The House proceeded with ten minutes of debate on the George Miller (CA) motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment in the nature of a substitute consisting of a complete new text entitled Fair Minimum Wage and Extension of Tax Relief Act.
		7/29/2006	The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR 7/28/2005 H6219)
select this vote	Vote	7/29/2006	On Motion to Recommit with Instructions: H.R. 5970 Estate Tax and Extension of Tax Relief Act
currently selected	House Vote on Passage	7/29/2006	On Passage - House - H.R. 5970 Estate Tax and Extension of Tax Relief Act
		7/29/2006	DEBATE - The House continued with debate on H.R. 5970.
		7/31/2006	Received in the Senate, deemed read the first time on July 28 (Legislative Day July 26) 2006 pursuant to the order of July 28.
	Put on a legislative calendar	7/31/2006	Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 562.
		8/02/2006	Motion to proceed to consideration of measure made in Senate by Unanimous Consent.
		8/02/2006	Cloture motion on the motion to proceed presented in Senate.
		8/02/2006	Motion to proceed to consideration of measure withdrawn in Senate.
		8/03/2006	Motion by Senator Frist to reconsider the vote by which the motion to invoke cloture on the motion to proceed to H.R. 5970 was not agreed to (Roll Call No. 229) entered in Senate.
select this vote	Vote	8/04/2006	Motion to Invoke Cloture on the Motion to Proceed to Consider H.R.5970

	Number	Sponsor	Date Offered	Status
	S. Amdt. 4750	Lautenberg, Frank [D-NJ]	August 1, 2006	Offered on July 31, 2006.
	Amendment information not available. Show amendment details