June 27, 2002
Senate Defeats Plan to Repeal Estate Tax
Donors and fund raisers will continue to face uncertainty over the fate of the estate tax for some time to come, even though the Senate has defeated a plan to repeal the tax permanently on estates worth $1-million or more.
The Senate voted 54 to 44 against considering a measure that would have permanently repealed the tax. Fund raisers worry that without an estate tax, donors will have less incentive to give to charity.
Under current law, the estate tax is being gradually
This content is only for subscribers. You can gain access by purchasing a:
Print Subscription
Digital Subscription
Already have an account? Log In Now.
Get more great stories about the nonprofit world delivered to your inbox every weekday. 
