HOUSE AMENDED
PRIOR PRINTER'S NOS. 719, 1072 PRINTER'S NO. 1134
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
AS REPORTED FROM COMMITTEE ON INTERGOVERNMENTAL AFFAIRS, HOUSE
OF REPRESENTATIVES, AS AMENDED, JUNE 3, 1997
A CONCURRENT RESOLUTION
1 Urging Congress to repeal IMMEDIATELY REVIEW the Federal Unified <--
2 Gift and Estate Tax AND TO ACT EITHER TO REPEAL THE LAW, OR <--
3 TO GIVE SPECIAL EXEMPTIONS TO FAMILY OWNED FARMS AND
4 BUSINESSES, OR TO RAISE THE UNIFIED CREDIT AGAINST THE GIFT
5 AND ESTATE TAXES, OR TO DEFER ESTATE TAX PAYMENTS OVER A
6 PERIOD OF TIME.
7 WHEREAS, The Federal Unified Gift and Estate Tax generates a
8 minimal amount of Federal revenue, especially considering the
9 high cost of collection and compliance, and has been shown to
10 decrease those Federal revenues from what they might otherwise
11 have been; and
12 WHEREAS, This "death tax" has been identified as destructive
13 to job opportunity and expansion, especially to minority
14 entrepreneurs and family farmers; and
15 WHEREAS, This "death tax" causes severe hardship to growing
16 family businesses and family farming operations, often to the
17 point of partial or complete forced liquidation, thereby
18 depriving state and local governments of an important ongoing
1 source of revenue; and
2 WHEREAS, Critical state and local leadership assets are
3 unnecessarily destroyed and forever lost to the future detriment
4 of the community through relocation or liquidation; and
5 WHEREAS, Local and state schools, churches and numerous
6 charitable activities would greatly benefit from the increased
7 employment and continued family business leadership; therefore
8 be it
9 RESOLVED (the House of Representatives concurring), That the
10 General Assembly of the Commonwealth of Pennsylvania urge the
11 Congress of the United States to repeal IMMEDIATELY REVIEW the <--
12 Federal Unified Gift and Estate Tax, effective immediately; and <--
13 be it further AND TO ACT EITHER TO REPEAL THE LAW, OR TO GIVE <--
14 SPECIAL EXEMPTIONS TO FAMILY OWNED FARMS AND BUSINESSES, OR TO
15 RAISE THE UNIFIED CREDIT AGAINST THE GIFT AND ESTATE TAXES, OR
16 TO DEFER ESTATE TAX PAYMENTS OVER A PERIOD OF TIME; AND BE IT
17 FURTHER
18 RESOLVED, That copies of this resolution be transmitted to
19 the President of the United States, the Speaker of the United
20 States House of Representatives, the President of the United
21 States Senate, the Secretary of the Treasury of the United
22 States and to each member of Congress from Pennsylvania.
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