Amendment · S.Amdt. 2538· Senate(119-SAMDT-2538)

S.Amdt. 2538

Age: 79 years

Vermont

This amendment was never taken up, and the bill finished without it. It was never voted on.

What this amendment would do

The amendment was submitted by Mr. Welch and strikes section 70106 to insert a new version regarding the extension and enhancement of increased estate and gift tax exemption amounts.
It changes the base exemption amount from $5,000,000'' to $15,000,000 (or, in the case of a decedent whose income for the preceding taxable year was greater than $100,000,000, $5,000,000)''.
It changes the year 2011'' to 2026'' and the year calendar year 2010'' to calendar year 2025''.
It strikes subparagraph (C).
These changes apply to estates of decedents dying and gifts made after December 31, 2025.