Number: RS20989
Title: Federal Estate, Gift, and Generation-Skipping Transfer Taxes: Modification, Phase Out and Repeal Under the Economic Growth and Tax Relief Reconciliation Act of 2001
Authors: John R. Luckey, American Law Division 
Abstract: Title V of the Economic Growth and Tax Relief Reconciliation Act of 2001 generally amends the Internal Revenue Code to repeal the federal estate and generation-skipping transfer taxes at the end of the year 2009, provide for the phase out of these taxes over the period 2002 to 2009, lower and modify the gift tax, provide new income tax carry-over basis rules for property received from a decedent, and make other general amendments which will be applicable in the phase out period.
Pages: 6
Date: Updated August 14, 2001