South Carolina General Assembly
115th Session, 2003-2004

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Bill 4485

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COMMITTEE REPORT

January 20, 2004

H. 4485

Introduced by Reps. W.D. Smith and Wilkins

S. Printed 1/20/04--H.

Read the first time January 13, 2004.

            

THE COMMITTEE ON

INVITATIONS AND MEMORIAL RESOLUTIONS

To whom was referred a House Resolution (H. 4485) to memorialize the Congress of the United States to enact legislation to abolish the death tax, etc., respectfully

REPORT:

That they have duly and carefully considered the same and recommend that the same do pass:

ROBERT W. LEACH, SR. for Committee.

            

A HOUSE RESOLUTION

TO MEMORIALIZE THE CONGRESS OF THE UNITED STATES TO ENACT LEGISLATION TO ABOLISH THE DEATH TAX PERMANENTLY.

Whereas, under tax relief legislation passed in 2001, the death tax was temporarily phased out but not permanently eliminated; and

Whereas, farmers and other small business owners will face losing their farms and businesses if the federal government resumes the heavy taxation of citizens at death; and

Whereas, this is a tax that is particularly damaging to families who are working their way up the ladder and trying to accumulate wealth for the first time; and

Whereas, employees suffer layoffs when small and medium businesses are liquidated to pay death taxes; and

Whereas, if the death tax had been repealed in 1996, the United States' economy would have realized billions of dollars each year, extra output, and an average of one hundred forty-five thousand additional new jobs would have been created; and

Whereas, having repeatedly passed in the United States House of Representatives and Senate, repeal of the death tax holds wide bipartisan support. Now, therefore,

Be it resolved by the House of Representatives:

That the members of the House of Representatives of the State of South Carolina, by this resolution, memorialize the Congress of the United States to enact legislation to abolish the death tax permanently.

Be it further resolved that a copy of this resolution be forwarded to the President of the United States, each member of the South Carolina Congressional Delegation, the President of the United States Senate, and the Speaker of the United States House of Representatives.

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