Jeff Carlson of CCH reports that it is unlikely that the Senate will vote on extending the estate tax before it expires at the end of 2009. Senate Leaders are too occupied with passing health care reform to complete work on a new estate tax bill until after the Christmas recess. It appears that at most, the Senate will pass a one-year extension of the current 2009 estate tax that could be attached to an omnibus appropriations bill.
See Jeff Carlson: "Estate Tax Action Uncertain in Senate," CCH News Headlines, December 7, 2009
Posted by Marc Patterson, Associate Editor, Wealth Strategies Journal.
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