II 

108TH CONGRESS 

1ST SESSION S. 169

To permanently repeal the estate and generation-skipping transfer taxes. 

IN THE SENATE OF THE UNITED STATES 

JANUARY 15, 2003

Mr. KYL introduced the following bill; which was read twice and referred to 

the Committee on Finance 

A BILL

To permanently repeal the estate and generation-skipping 

transfer taxes.

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 ‘‘Permanent Death Tax 

5 Repeal Act of 2003’’. 

6 SEC. 2. REPEAL OF ESTATE AND GENERATION-SKIPPING 

7 TRANSFER TAXES ACCELERATED TO 2005. 

8 (a) ESTATE TAX REPEAL.—Section 2210 of the In9 ternal Revenue Code of 1986 (relating to termination) is 

10 amended—
2

•S 169 IS 

1 (1) by striking ‘‘December 31, 2009’’ and in2 serting ‘‘December 31, 2004’’ both places it appears, 

3 (2) by striking ‘‘January 1, 2010’’ in subsection 

4 (b) and inserting ‘‘January 1, 2005’’, and 

5 (3) by striking ‘‘December 31, 2020’’ in sub6 section (b)(1) and inserting ‘‘December 31, 2014’’. 

7 (b) GENERATION-SKIPPING TRANSFER TAX RE8 PEAL.—Section 2664 of such Code (relating to termi9 nation) is amended by striking ‘‘December 31, 2009’’ and 

10 inserting ‘‘December 31, 2004’’. 

11 (c) CONFORMING AMENDMENTS.—

12 (1) The table contained in section 2010(c) of 

13 such Code is amended—

14 (A) by striking ‘‘and 2005’’, 

15 (B) by inserting a period after 

16 ‘‘$1,500,000’’, and 

17 (C) by striking the last 2 items. 

18 (2) Section 1014(f) of such Code is amended by 

19 striking ‘‘December 31, 2009’’ and inserting ‘‘De20 cember 31, 2004’’. 

21 (3) Section 1022 of such Code is amended—

22 (A) by striking ‘‘December 31, 2009’’ in 

23 the heading and in subsection (a)(1) and insert24 ing ‘‘December 31, 2004’’, and 

25 (B) in subsection (d)(4)(A)—
3

•S 169 IS 

1 (i) by striking ‘‘2010’’ and inserting 

2 ‘‘2005’’, and 

3 (ii) by striking ‘‘2009’’ in clause (ii) 

4 and inserting ‘‘2004’’. 

5 (4) The table contained in section 

6 2001(c)(2)(B) of such Code is amended—

7 (A) by inserting a period after ‘‘48 per8 cent’’, and 

9 (B) by striking the last 3 items. 

10 (5) Section 2001(c)(2)(A) of such Code is 

11 amended by striking ‘‘2010’’ and inserting ‘‘2005’’. 

12 (6) The item in the table of sections for part 

13 II of subchapter O of chapter 1 of such Code relat14 ing to section 1022 is amended by striking ‘‘Decem15 ber 31, 2009’’ and inserting ‘‘December 31, 2004’’. 

16 (7) Section 501(d) of the Economic Growth and 

17 Tax Relief Reconciliation Act of 2001 (Public Law 

18 107–16) is amended by striking ‘‘December 31, 

19 2009’’ and inserting ‘‘December 31, 2004’’. 

20 (8) Paragraph (3) of section 511(f) of the Eco21 nomic Growth and Tax Relief Reconciliation Act of 

22 2001 (Public Law 107–16) is amended by striking 

23 ‘‘December 31, 2009’’ and inserting ‘‘December 31, 

24 2004’’. 
4

•S 169 IS 

1 (9) Paragraph (2) of section 521(e) of the Eco2 nomic Growth and Tax Relief Reconciliation Act of 

3 2001 (Public Law 107–16) is amended by striking 

4 ‘‘December 31, 2009’’ and inserting ‘‘December 31, 

5 2004’’. 

6 (10) Subsection (f) of section 542 of the Eco7 nomic Growth and Tax Relief Reconciliation Act of 

8 2001 (Public Law 107–16) is amended by striking

9 ‘‘December 31, 2009’’ each place it appears and in10 serting ‘‘December 31, 2004’’. 

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

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

13 of this Act. 

14 SEC. 3. PERMANENT REPEAL OF ESTATE TAXES. 

15 Section 901 of the Economic Growth and Tax Relief 

16 Reconciliation Act of 2001 is amended by striking ‘‘this 

17 Act’’ and all that follows through ‘‘2010.’’ in subsection 

18 (a) and inserting ‘‘this Act (other than title V) shall not 

19 apply to taxable, plan, or limitation years beginning after 

20 December 31, 2010.’’, and by striking ‘‘, estates, gifts, 

21 and transfers’’ in subsection (b).

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