State Estate and Gift Tax Revenue
Description:
P.L. 107-16, the Economic Growth and Tax Relief Reconciliation Act of 2001,
repeals the federal estate tax for decedents that die in 2010. In addition, the act repeals
the credit for state estate taxes for decedents dying after December 31, 2004, and
replaces the credit with a deduction. In most states, the repeal of the tax and the
significant increase in the federal exclusion will also repeal or diminish state estate,
inheritance, and gift taxes.
Date:
April 8, 2005
Creator:
Maguire, Steven
Item Type:
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Partner:
UNT Libraries Government Documents Department