Download This Bill in Microsoft Word format

Indicates Matter Stricken
Indicates New Matter

H. 3980

STATUS INFORMATION

House Resolution
Sponsors: Rep. Viers
Document Path: l:\council\bills\ggs\22127htc05.doc
Companion/Similar bill(s): 550, 3229

Introduced in the House on April 26, 2005
Currently residing in the House Committee on Invitations and Memorial Resolutions

Summary: Death tax

HISTORY OF LEGISLATIVE ACTIONS

     Date      Body   Action Description with journal page number
-------------------------------------------------------------------------------
   4/26/2005  House   Introduced HJ-16
   4/26/2005  House   Referred to Committee on Invitations and Memorial 
                        Resolutions HJ-16

View the latest legislative information at the LPITS web site

VERSIONS OF THIS BILL

4/26/2005

MEMORIALIZING 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Whereas, if the Death Tax had been repealed in 1996 the United States would have realized billions of dollars in extra output and an average of 145,000 new jobs created each year since; and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, memorialize the Congress of the United States to abolish the Death Tax immediately and permanently.

Be it further resolved that a copy of this resolution be forwarded to the President of the United States Senate, the Speaker of the United States House of Representatives, and to each member of the South Carolina Congressional Delegation.

This web page was last updated on Friday, December 4, 2009 at 3:45 P.M.