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Sponsors: Reps. Wilkins, W.D. Smith, Merrill and Tripp
Document Path: l:\council\bills\swb\6206sd05.doc
Companion/Similar bill(s): 550, 3980
Introduced in the House on January 11, 2005
Adopted by the House on January 13, 2005
Summary: Death tax
HISTORY OF LEGISLATIVE ACTIONS
Date Body Action Description with journal page number ------------------------------------------------------------------------------- 1/11/2005 House Introduced HJ-149 1/11/2005 House Referred to Committee on Invitations and Memorial Resolutions HJ-149 1/12/2005 House Committee report: Favorable Invitations and Memorial Resolutions HJ-71 1/13/2005 House Member(s) request name added as sponsor: Tripp 1/13/2005 House Adopted HJ-127
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VERSIONS OF THIS BILL
January 12, 2005
S. Printed 1/12/05--H.
Read the first time January 11, 2005.
To whom was referred a House Resolution (H. 3229) Requesting the Congress of the United States to abolish the Death Tax immediately, etc., respectfully
That they have duly and carefully considered the same and recommend that the same do pass:
ROBERT W. LEACH, SR. for Committee.
REQUESTING THE CONGRESS OF THE UNITED STATES TO ABOLISH THE DEATH TAX IMMEDIATELY AND PERMANENTLY.
Whereas, under tax relief legislation the Death Tax was temporarily phased out beginning in 2001 but, if not permanently eliminated, will reappear in 2011 at pre-2001 tax rates; and
Whereas, the Death Tax places a tremendous tax burden on small businesses and family farms such that upon the death of their elders seventy percent of family businesses do not survive the second generation, and eighty-seven percent do not get passed onto a third generation; and
Whereas, the tax is particularly damaging for families working their way up the ladder and trying to accumulate wealth for the first time; and
Whereas, employees suffer layoffs when small and medium businesses are liquidated to pay death taxes; and
Whereas, if the Death Tax had been repealed in 1996 the United States would have realized billions of dollars in extra output and an average of 145,000 new jobs created each year since; and
Whereas, having repeatedly passed in the United States House of Representatives and Senate the repeal of the Death Tax holds wide bipartisan support. Now, therefore,
Be it resolved by the House of Representatives:
That the members of the South Carolina House of Representatives, by this resolution, request that the Congress of the United States abolish the Death Tax immediately and permanently.
Be it further resolved that a copy of this resolution be forwarded to the United States Senate, the United States House of Representatives, and to each member of the South Carolina Congressional Delegation.
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