McGuireWoods reports that on March 25, 2010 the House of Representatives passed the "Small Business and Infrastructure Jobs Tax Act of 2010" (H.R. 4849). The bill would limit the use of GRATs, including the imposition of a ten year minimum term requirement. This provision is anticipated to raise $800 million over the first five years and $4.45 billion over ten years.
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Posted by Marc Patterson Managing Associate Editor, Wealth Strategies Journal.
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