An estate tax bill, H.R. 4154: introduced into the House of Representatives November 19 by Rep. Earl Pomeroy (D-North Dakota), a member of the powerful House Ways and Means Committee, is expected to come to the full House floor for a vote on Thursday, December 3. The bill would extend the 2009 estate tax level to 2010 and make permanent the estate tax at a $3.5 million exemption level and 45% maximum tax rate as proposed by the Obama Administration. A Pomeroy spokesperson said the bill is expected to pass the House and will then move to the Senate.
Estate Tax Bill Heading to Full House Floor
Pomeroy bill would extend '09 tax level and impose 45% maximum rate
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