H.R. 1986 · 111th Congress · 2009–2010
To amend the Internal Revenue Code of 1986 and the Economic Growth and Tax Relief Reconciliation Act of 2001 to restore the estate tax, increase the estate tax unified credit to an exclusion equivalent of $4,000,000, reduce the maximum estate tax rate to 40 percent, and for other purposes.
H.R. 1986 in the 111th Congress (2009–2010) was introduced on Apr 21, 2009, sponsored by Travis Childers with 1 co-sponsors.
During the 111th Congress (2009–2010), Barack Obama was president, and Democrats held majorities in both the House and Senate.
- Status
- Introduced
- Introduced
- Apr 21, 2009
- Co-sponsors
- 1
- Policy area
- Taxation
What it does
Repeals provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 eliminating the estate tax and related carryover basis provisions (thus restoring such tax after 2009). Amends the Internal Revenue Code to: (1) increase the estate tax unified credit to $4 million; and (2) reduce the maximum estate tax rate to 40%.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Travis Childers (D-MS). Co-sponsors: 1 Democrat.
Where it stands
- IntroducedApr 21, 2009
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Referred to the House Committee on Ways and Means. (Apr 21, 2009)
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Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
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Capitol Receipts, “H.R. 1986 (111th Congress): To amend the Internal Revenue Code of…,” https://www.capitolreceipts.com/bill/111-hr-1986/to-amend-the-internal-revenue-code-of-1986-and (accessed 2026-10-17).