PRINTER'S NO. 719
No. 28 Session of 1997
INTRODUCED BY HART, EARLL, CORMAN, MOWERY, HELFRICK, O'PAKE,
WENGER, TOMLINSON, MURPHY, FUMO, ROBBINS, COSTA, THOMPSON,
SLOCUM AND LEMMOND, MARCH 12, 1997
REFERRED TO INTERGOVERNMENTAL AFFAIRS, MARCH 12, 1997
A CONCURRENT RESOLUTION
1 Urging Congress to repeal the Federal Unified Gift and Estate
2 Tax.
3 WHEREAS, The Federal Unified Gift and Estate Tax generates a
4 minimal amount of Federal revenue, especially considering the
5 high cost of collection and compliance, and has been shown to
6 decrease those Federal revenues from what they might otherwise
7 have been; and
8 WHEREAS, This "death tax" has been identified as destructive
9 to job opportunity and expansion, especially to minority
10 entrepreneurs and family farmers; and
11 WHEREAS, This "death tax" causes severe hardship to growing
12 family businesses and family farming operations, often to the
13 point of partial or complete forced liquidation, thereby
14 depriving state and local governments of an important ongoing
15 source of revenue; and
16 WHEREAS, Critical state and local leadership assets are
17 unnecessarily destroyed and forever lost to the future detriment
1 of the community through relocation or liquidation; and
2 WHEREAS, Local and state schools, churches and numerous
3 charitable activities would greatly benefit from the increased
4 employment and continued family business leadership; therefore
5 be it
6 RESOLVED (the House of Representatives concurring), That the
7 General Assembly of the Commonwealth of Pennsylvania urge the
8 Congress of the United States to repeal the Federal Unified Gift
9 and Estate Tax, effective immediately; and be it further
10 RESOLVED, That copies of this resolution be transmitted to
11 the President of the United States, the Speaker of the United
12 States House of Representatives, the President of the United
13 States Senate, the Secretary of the Treasury of the United
14 States and to each member of Congress.
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