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Article: Votes and compromises made on estate tax.(Death Tax Repeal Permanency Act of 2005)(Brief article)
- Article from:
- Journal of Property Management
- Article date:
- September 1, 2006
CopyrightCOPYRIGHT 2006 National Association of Realtors. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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A motion for cloture on the Death Tax Repeal Permanency Act of 2005 (H.R. 8)--making the 2010 repeal of the estate tax permanent--narrowly failed on a largely party-line Senate vote in early June. As a result, the legislation, which already passed through the House, is not eligible for consideration. Supporters of the bill insist they will keep trying for passage this session.
Several senators, including Sens. Jon Kyl (R-Ariz.), Olympia Snowe (R-Maine) and Max Baucus (D-Mont.), have begun ...