Date: September 8, 2005
Creator: Gravelle, Jane G & Maguire, Steven
Description: The 2001 tax revision began a phaseout of the estate tax, by increasing exemptions and lowering rates. The estate tax is scheduled to be repealed in 2010 and a provision to tax appreciation on inherited assets (in excess of a limit) will be substituted. The 2001 tax provisions sunset, however, so that absent a change making them permanent the estate tax will revert, in 2011, to prior, pre-2001, law.
Contributing Partner: UNT Libraries Government Documents Department