Newsline

Days Are Numbered for Death Tax

May 31, 2001
/ Print / Reprints /
ShareMore
/ Text Size+
WASHINGTON, DC — After a great deal of debate and controversy, a bill was passed through both the House and Senate approving a package of tax relief totaling $1.35 trillion. This includes the repeal of the estate tax, also known as the “death” tax.

The bill, which was approved on April 26 by Congress, is expected to be signed by the President next week.

H.R. 1836 includes a scheduled phaseout of the estate tax, with complete repeal in 2011.

The repeal of the tax has been an important issue and a goal for several industry associations. The Air Conditioning Contractors of America (ACCA) has been fighting to end the death tax for the better part of the last decade.

“First and foremost, the death tax is the single greatest threat to a family-owned business,” said Larry Taylor, ACCA president. “For an hvacr contractor or other small business owner to work hard all his life, pay business and income taxes, contribute to his community, and then to have the government swoop in upon his death to tax whatever remains is simply wrong.”

Publication date: 06/04/2001

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

Recent Articles by James Siegel

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 ACI Home Performance Conference

The 2014 ACI National Home Performance Conference & Trade Show was held in Detroit.

Podcasts

Jeff Hutchinson, Energy Solutions Manager for mechanical contractor Bruner Corp., talks about the ductless market and how it can be profitable for a commercial contractor.

More Podcasts

ACHRNEWS

NEWS 07-21-14 cover

2014 July 21

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

R-22 PHASEOUT POLL

Some in the industry are calling for the EPA to halt production of R-22 as of 2015. What do you think?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con