Senate Bill sb1890

    Florida Senate - 2004                                  SM 1890

    By Senator Fasano





    11-1387-04

  1                     Senate Memorial No. ____

  2         A memorial to the Congress of the United

  3         States, urging Congress to work to abolish the

  4         death tax permanently.

  5  

  6         WHEREAS, under tax relief legislation passed in 2001,

  7  the death tax was temporarily phased out but not permanently

  8  eliminated, and

  9         WHEREAS, farmers and other small business owners will

10  face losing their farms and businesses if the Federal

11  Government resumes the heavy taxation of citizens at death,

12  and

13         WHEREAS, this is a tax that is particularly damaging to

14  families who are working their way up the ladder and trying to

15  accumulate wealth for the first time, and

16         WHEREAS, employees suffer layoffs when small and medium

17  businesses are liquidated to pay death taxes, and

18         WHEREAS, if the death tax had been repealed in 1996,

19  the United States economy would have realized billions of

20  dollars each year in extra output, and an average of 145,000

21  additional new jobs would have been created, and

22         WHEREAS, having repeatedly passed in the United States

23  House of Representatives and Senate, repeal of the death tax

24  holds wide bipartisan support, NOW, THEREFORE,

25  

26  Be It Resolved by the Legislature of the State of Florida:

27  

28         That the Congress of the United States is requested to

29  enact legislation immediately and permanently repealing the

30  death tax.

31  

                                  1

CODING: Words stricken are deletions; words underlined are additions.






    Florida Senate - 2004                                  SM 1890
    11-1387-04




 1         BE IT FURTHER RESOLVED that copies of this memorial be

 2  dispatched to the President of the United States, to the

 3  President of the United States Senate, to the Speaker of the

 4  United States House of Representatives, and to each member of

 5  the Florida delegation to the United States Congress.

 6  

 7  

 8  

 9  

10  

11  

12  

13  

14  

15  

16  

17  

18  

19  

20  

21  

22  

23  

24  

25  

26  

27  

28  

29  

30  

31  

                                  2

CODING: Words stricken are deletions; words underlined are additions.