Media Contact:
For assistance contacting the expert below, contact Anna Rzewnicki, College of Management, 919/513-4478.

June 24, 2005

NC State Professor Can Discuss Estate Tax Reform

FOR IMMEDIATE RELEASE

Dr. Roby Sawyers, professor of accounting at North Carolina State University’s College of Management, 919/515-4443, is available to talk with reporters about the ongoing estate tax repeal/reform discussions in Congress. Sawyers has been following the debate for several years, and contributed to the Report on Reform of Federal Wealth Transfer Taxes, prepared by the Task Force on Federal Wealth Transfer Taxes in May 2004. He also chaired the American Institute of Certified Public Accountants’ committee that wrote a white paper on the topic in 2001. Titled Study on Reform of the Estate and Gift Tax System, it remains a timely and relevant analysis of the current transfer tax system.

Background: The House of Representatives voted on April 13 to permanently and immediately repeal the estate tax. Along with repeal, the bill would replace the current basis “step up” rules with a modified carryover basis. However, the Senate has not been able to muster the votes necessary for permanent repeal. Many observers expect significant estate tax legislation in the next year.

For media assistance, contact Anna Rzewnicki, director of communications for the College of Management, at 919/513-4478.

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