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The National Lumber & Building Material Dealers Association issued an alert for the wide-ranging Tax Relief, Unemployment, Unemployment Insurance Reauthorization and Job Creation Act.
For the full alert, click here.
Among other things, the bill addresses the estate tax by instituting a $5 million exemption (indexed beginning in 2012) and 35% rate on estates for 2011 and 2012. While not permanent, this is based on the Lincoln-Kyl compromise previously endorsed by NLBMDA.
