I 

111TH CONGRESS 

2D SESSION H. R. 6522 

To prevent pending tax increases and to permanently repeal estate and 

gift taxes, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

DECEMBER 15, 2010 

Mrs. BACHMANN (for herself, Mr. GOHMERT, Mr. KINGSTON, Mr. MANZULLO, 

Mr. AKIN, Mr. GARRETT of New Jersey, Mr. KING of Iowa, Mr. BURGESS, Mr. LATTA, and Mr. BILIRAKIS) introduced the following bill; 

which was referred to the Committee on Ways and Means 

A BILL 

To prevent pending tax increases and to permanently repeal 

estate and gift taxes, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘End Tax Uncertainty 

5 Act of 2010’’. 

6 SEC. 2. EGTRRA AND JGTRRA TAX RELIEF MADE PERMA7 NENT. 

8 (a) ECONOMIC GROWTH AND TAX RELIEF REC9 ONCILIATION ACT OF 2001.—Title IX of the Economic 


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1 Growth and Tax Relief Reconciliation Act of 2001 is here2 by repealed. 

3 (b) INCOME TAX RATES ON DIVIDENDS AND NET

4 CAPITAL GAIN.—Section 303 of the Jobs and Growth Tax 

5 Relief Reconciliation Act of 2003 is hereby repealed. 

6 (c) EFFECTIVE DATE.—The amendments made by 

7 this section shall take effect on the date of the enactment 

8 of this Act. 

9 SEC. 3. ESTATE AND GIFT TAX PERMANENTLY REPEALED. 

10 Effective for estates of decedents dying, gifts made, 

11 or generation skipping transfers, after December 31, 

12 2010, subtitle B of the Internal Revenue Code of 1986 

13 is repealed. 

14 SEC. 4. PERMANENT INDIVIDUAL AMT RELIEF. 

15 (a) MODIFICATION OF ALTERNATIVE MINIMUM TAX

16 EXEMPTION AMOUNT.— 

17 (1) IN GENERAL.—Paragraph (1) of section 

18 55(d) of the Internal Revenue Code of 1986 (relat19 ing to exemption amount) is amended to read as fol20 lows: 

21 ‘‘(1) EXEMPTION AMOUNT FOR TAXPAYERS

22 OTHER THAN CORPORATIONS.—In the case of a tax23 payer other than a corporation, the term ‘exemption 

24 amount’ means— 


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1 ‘‘(A) the dollar amount for taxable years 

2 beginning in the calendar year as specified in 

3 the table contained in paragraph (4)(A) in the 

4 case of— 

5 ‘‘(i) a joint return, or 

6 ‘‘(ii) a surviving spouse, 

7 ‘‘(B) the dollar amount for taxable years 

8 beginning in the calendar year as specified in 

9 the table contained in paragraph (4)(B) in the 

10 case of an individual who— 

11 ‘‘(i) is not a married individual, and 

12 ‘‘(ii) is not a surviving spouse, 

13 ‘‘(C) 50 percent of the dollar amount ap14 plicable under paragraph (1)(A) in the case of 

15 a married individual who files a separate re16 turn, and 

17 ‘‘(D) $22,500 in the case of an estate or 

18 trust. 

19 For purposes of this paragraph, the term ‘surviving 

20 spouse’ has the meaning given to such term by sec21 tion 2(a), and marital status shall be determined 

22 under section 7703.’’. 

23 (2) SPECIFIED EXEMPTION AMOUNTS.—Section 

24 55(d) of such Code is amended by adding at the end 

25 the following new paragraph: 


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1 ‘‘(4) SPECIFIED EXEMPTION AMOUNTS.— 

2 ‘‘(A) TAXPAYERS DESCRIBED IN PARA3 GRAPH (1)(A).—For purposes of paragraph 

4 (1))(A)— 

‘‘For taxable years beginning in— 

The exemption amount 

is: 

2010 ................................................................................................ $72,450

2011 ................................................................................................ $74,450

2012 ................................................................................................ $78,250

2013 ................................................................................................ $81,450

2014 ................................................................................................ $85,050

2015 ................................................................................................ $88,650

2016 ................................................................................................ $92,650

2017 ................................................................................................ $96,550

2018 ................................................................................................ $100,950

2019 ................................................................................................ $105,150

2020 ................................................................................................ $109,950. 

5 ‘‘(B) TAXPAYERS DESCRIBED IN PARA6 GRAPH (1)(B).—For purposes of paragraph 

7 (1))(B)— 

‘‘For taxable years beginning in— 

The exemption amount 

is: 

2010 ................................................................................................ $47,450

2011 ................................................................................................ $48,450

2012 ................................................................................................ $50,350

2013 ................................................................................................ $51,950

2014 ................................................................................................ $53,750

2015 ................................................................................................ $55,550

2016 ................................................................................................ $57,550

2017 ................................................................................................ $59,500

2018 ................................................................................................ $61,700

2019 ................................................................................................ $63,800

2020 ................................................................................................ $66,200.’’. 

8 (b) ALTERNATIVE MINIMUM TAX RELIEF FOR NON9 REFUNDABLE CREDITS.— 


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1 (1) IN GENERAL.—Subsection (a) of section 26 

2 of the Internal Revenue Code of 1986 is amended to 

3 read as follows: 

4 ‘‘(a) LIMITATION BASED ON AMOUNT OF TAX.—The 

5 aggregate amount of credits allowed by this subpart for 

6 the taxable year shall not exceed the sum of— 

7 ‘‘(1) the taxpayer’s regular tax liability for the 

8 taxable year reduced by the foreign tax credit allow9 able under section 27(a), and 

10 ‘‘(2) the tax imposed by section 55(a) for the 

11 taxable year.’’. 

12 (2) CONFORMING AMENDMENTS.— 

13 (A) ADOPTION CREDIT.— 

14 (i) Section 23(b) of such Code, as in 

15 effect on December 31, 2009, is amended 

16 by striking paragraph (4). 

17 (ii) Section 23(c) of such Code, as in 

18 effect on December 31, 2009, is amended 

19 by striking paragraphs (1) and (2) and in20 serting the following: 

21 ‘‘(1) IN GENERAL.—If the credit allowable 

22 under subsection (a) for any taxable year exceeds 

23 the limitation imposed by section 26(a) for such tax24 able year reduced by the sum of the credits allowable 

25 under this subpart (other than this section and secVerDate Mar 15 2010 04:51 Dec 16, 2010 Jkt 099200 PO 00000 Frm 00005 Fmt 6652 Sfmt 6201 E:\BILLS\H6522.IH H6522

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1 tions 25D and 1400C), such excess shall be carried 

2 to the succeeding taxable year and added to the 

3 credit allowable under subsection (a) for such tax4 able year.’’. 

5 (iii) Section 23(c) of such Code, as in 

6 effect on December 31, 2009 amended by 

7 redesignating paragraph (3) as paragraph 

8 (2). 

9 (B) CHILD TAX CREDIT.— 

10 (i) Section 24(b) of such Code is 

11 amended by striking paragraph (3). 

12 (ii) Section 24(d)(1) of such Code is 

13 amended— 

14 (I) by striking ‘‘section 26(a)(2) 

15 or subsection (b)(3), as the case may 

16 be,’’ each place it appears in subpara17 graphs (A) and (B) and inserting 

18 ‘‘section 26(a)’’, and 

19 (II) by striking ‘‘section 26(a)(2) 

20 or subsection (b)(3), as the case may 

21 be’’ in the second last sentence and 

22 inserting ‘‘section 26(a)’’. 

23 (C) CREDIT FOR INTEREST ON CERTAIN

24 HOME MORTGAGES.—Section 25(e)(1)(C) of 

25 such Code is amended to read as follows: 


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1 ‘‘(C) APPLICABLE TAX LIMIT.—For pur2 poses of this paragraph, the term ‘applicable 

3 tax limit’ means the limitation imposed by sec4 tion 26(a) for the taxable year reduced by the 

5 sum of the credits allowable under this subpart 

6 (other than this section and sections 23, 25D, 

7 and 1400C).’’. 

8 (D) SAVERS’ CREDIT.—Section 25B of 

9 such Code is amended by striking subsection 

10 (g). 

11 (E) RESIDENTIAL ENERGY EFFICIENT

12 PROPERTY.—Section 25D(c) of such Code is 

13 amended to read as follows: 

14 ‘‘(c) CARRYFORWARD OF UNUSED CREDIT.—If the 

15 credit allowable under subsection (a) exceeds the limita16 tion imposed by section 26(a) for such taxable year re17 duced by the sum of the credits allowable under this sub18 part (other than this section), such excess shall be carried 

19 to the succeeding taxable year and added to the credit al20 lowable under subsection (a) for such succeeding taxable 

21 year.’’. 

22 (F) CERTAIN PLUG-IN ELECTRIC VEHI23 CLES.—Section 30(c)(2) of such Code is 

24 amended to read as follows: 


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1 ‘‘(2) PERSONAL CREDIT.—For purposes of this 

2 title, the credit allowed under subsection (a) for any 

3 taxable year (determined after application of para4 graph (1)) shall be treated as a credit allowable 

5 under subpart A for such taxable year.’’. 

6 (G) ALTERNATIVE MOTOR VEHICLE CRED7 IT.—Section 30B(g)(2) of such Code is amend8 ed to read as follows: 

9 ‘‘(2) PERSONAL CREDIT.—For purposes of this 

10 title, the credit allowed under subsection (a) for any 

11 taxable year (determined after application of para12 graph (1)) shall be treated as a credit allowable 

13 under subpart A for such taxable year.’’. 

14 (H) NEW QUALIFIED PLUG-IN ELECTRIC

15 VEHICLE CREDIT.—Section 30D(c)(2) of such 

16 Code is amended to read as follows: 

17 ‘‘(2) PERSONAL CREDIT.—For purposes of this 

18 title, the credit allowed under subsection (a) for any 

19 taxable year (determined after application of para20 graph (1)) shall be treated as a credit allowable 

21 under subpart A for such taxable year.’’. 

22 (I) CROSS REFERENCES.—Section 55(c)(3) 

23 of such Code is amended by striking ‘‘26(a), 

24 30C(d)(2),’’ and inserting ‘‘30C(d)(2)’’. 


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1 (J) FOREIGN TAX CREDIT.—Section 904 of 

2 such Code is amended by striking subsection (i) 

3 and by redesignating subsections (j) , (k), and 

4 (l) as subsections (i), (j), and (k), respectively. 

5 (K) FIRST-TIME HOME BUYER CREDIT FOR

6 THE DISTRICT OF COLUMBIA.—Section 

7 1400C(d) of such Code is amended to read as 

8 follows: 

9 ‘‘(d) CARRYFORWARD OF UNUSED CREDIT.—If the 

10 credit allowable under subsection (a) exceeds the limita11 tion imposed by section 26(a) for such taxable year re12 duced by the sum of the credits allowable under subpart 

13 A of part IV of subchapter A (other than this section and 

14 section 25D), such excess shall be carried to the suc15 ceeding taxable year and added to the credit allowable 

16 under subsection (a) for such taxable year.’’. 

17 (c) EFFECTIVE DATE.—The amendments made by 

18 this section shall apply to taxable years beginning after 

19 December 31, 2009. 

20 SEC. 5. MAXIMUM CORPORATE INCOME TAX RATE RE21 DUCED TO 25 PERCENT. 

22 (a) IN GENERAL.—Paragraph (1) of section 11(b) of 

23 the Internal Revenue Code of 1986 is amended by striking 

24 ‘‘but does not exceed $75,000’’ and all that follows and 

25 inserting a period. 


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1 (b) PERSONAL SERVICE CORPORATIONS.—Para2 graph (2) of section 11(b) of such Code is amended by 

3 striking ‘‘35 percent’’ and inserting ‘‘25 percent’’. 

4 (c) CONFORMING AMENDMENTS.— 

5 (1) Subsection (a) of section 1201 of such Code 

6 is amended by striking ‘‘35 percent’’ each place it 

7 appears and inserting ‘‘25 percent’’. 

8 (2) Paragraphs (1) and (2) of section 1445(e) 

9 of such Code are each amended by striking ‘‘35 per10 cent’’ and inserting ‘‘25 percent’’. 

11 (d) EFFECTIVE DATE.—The amendment made by 

12 this section shall apply to taxable years beginning after 

13 December 31, 2010. 

Æ 


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