Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010
Latest action. Became public lawWhat a bill becomes when enacted, numbered by Congress and order of enactment: Public Law 119-4 is the 4th law of the 119th Congress.Read the full definition (opens a new tab) No: 111-312.
Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 - Title I: Temporary Extension of Tax Relief - Extends through December 31, 2012: (1) the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA), Public Law 107-16; (2) provisions of the Jobs and Growth Tax Relief Reconciliation Act of 2003, Public Law 108-27, reducing income tax rates on dividend and capital gain income; (3) increases in the Hope Scholarship tax credit, the child tax credit, and the earned income tax credit; and (4) increases in the tax credit for adoption expenses and the tax exclusion for employer-provided adoption assistance. Title II: Temporary Extension of Individual AMT Relief - (Sec. 201) Extends through 2011 the increased exemption from the alternative minimum tax (AMT) for married and single taxpayers. Repeals the terminating date in EGTRRA (i.e., December 31, 2010) applicable to increases in the AMT exemption amounts.
(Sec. 202) Extends through 2011 the offset against regular and AMT tax liability of certain nonrefundable income tax credits.
Title III: Temporary Estate Tax Relief - (Sec. 301) Reinstates the estate, gift, and generation-skipping transfer tax, subject to modifications to such tax made by this Act. Allows estates of decedents dying after December 31, 2009, and before January 1, 2011, an election to apply current estate tax provisions of EGTRRA.
Extends for nine months after the enactment of this Act filing deadlines for estate tax returns of decedents who die after December 31, 2009, and for generation-skipping transfers made after such date.
(Sec. 302) Amends the Internal Revenue Code to: (1) allow an estate tax exclusion of $5 million, adjusted for inflation for estates of decedents who die in a calendar year after 2011; and (2) establish a maximum estate tax rate of 35%.
(Sec. 303) Increases the estate tax exclusion amount of a surviving spouse by the unused portion of a deceased spouse's exclusion amount.
(Sec. 304) Terminates the estate, gift, and generation-skipping transfer provisions of EGTRRA and the provisions of this title after December 31, 2012.
The summary continues for 40 more paragraphs. Read it in full on Congress.gov
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Public Law" stage on December 17, 2010. It describes the bill, it is not the legal text.
Where is it in the process, and what happens next?
This bill has been enacted. It is law.
The record's latest action, on December 17, 2010: Became Public Law No: 111-312.
Has anyone actually voted on it?
No. No roll call in this Congress cites this measure. That is the ordinary outcome: most measures never reach a recorded floor vote, and a committee ends most of them simply by not acting.
A vote is not the only thing that happens to a measure. Hearings, markups, and referrals are all recorded actions, and none of them is a vote of the full chamber.
Who is behind it?
JAMES OBERSTAR (D-MN) introduced it on March 16, 2010, and 5 members have since signed on as cosponsors.
They come from both major parties: 2 Democrats, 3 Republicans.
Cosponsoring is a formal signature on the text. It is not a commitment to vote for the measure, it does not bind anyone's party, and a long list of cosponsors is a measure of attention rather than of prospects.
Every answer above is assembled from this measure's own record on Congress.gov and from published counts of what Congress has passed before. Civibrief does not predict outcomes and takes no position on any measure.
Vote history
- HousePassed
- SenatePassed
- PresidentSigned into law