NU Online News Service, Aug. 14, 1:00 p.m. EDT
Congress most likely will extend 2009 estate tax rates for one year as it continues to seek consensus for comprehensive reform, according to industry officials, in a development of keen interest to many family-owned independent insurance agencies.
The issue is critical because under current law, estate taxes will expire for 2010, at a huge cost in government revenues, returning to 2001 levels in 2011.
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