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United States · Bill · HR

H.R. 1340 (97th)

A bill to amend the Internal Revenue Code of 1954 to provide that the maximum reduction in valuation under the special estate tax valuation for certain farm, small business, and so forth, real property shall be increased to $1,000,000 and to provide an inflation adjustment for such amount.

openUnited States· United States Congress· EN

Introduced

27 January 1981

Last action

4 August 1981 · Committee

Status

See H.R.4242.

Sponsors

Rep. Tauke, Thomas Joseph [R-IA-2], Rep. Natcher, William H. [D-KY-2], Rep. Johnston, Eugene (Gene) [R-NC-6], Rep. Kogovsek, Ray [D-CO-3], Rep. Collins, James M. [R-TX-3], Rep. Murphy, Austin J. [D-PA-20], Rep. Hartnett, Thomas F. [R-SC-1], Rep. Derwinski, Edward J. [R-IL-4], Rep. Bailey, Wendell [R-MO-8], Rep. Smith, Christopher H. [R-NJ-4], Rep. Duncan, John J. [R-TN-2], Rep. Fenwick, Millicent H. [R-NJ-5], Rep. Hinson, Jon C. [R-MS-4], Rep. Lagomarsino, Robert J. [R-CA-19], Rep. Price, Melvin [D-IL-21], Rep. Whitehurst, G. William [R-VA-2], Rep. Walker, Robert S. [R-PA-16], Rep. Campbell, Carroll A., Jr. [R-SC-4], Rep. Forsythe, Edwin B. [R-NJ-6], Rep. Davis, Robert W. [R-MI-11], Rep. Guyer, Tennyson [R-OH-4], Rep. Hughes, William J. [D-NJ-2], Rep. Dyson, Roy [D-MD-1], Rep. Daniel, Robert W., Jr. [R-VA-4], Rep. Beard, Robin [R-TN-6], Rep. Roe, Robert A. [D-NJ-8], Rep. Hillis, Elwood H. [R-IN-5], Rep. Neal, Stephen L. [D-NC-5], Rep. Huckaby, Thomas J. (Jerry) [D-LA-5], Rep. Whittaker, Bob [R-KS-5], Rep. Leath, Marvin [D-TX-11], Rep. Fish, Hamilton, Jr. [R-NY-19], Rep. Goodling, William F. [R-PA-19], Rep. Gingrich, Newt [R-GA-6], Rep. Evans, Cooper [R-IA-3], Rep. Ireland, Andrew P. [R-FL-10], Rep. Moffett, Toby [D-CT-6], Rep. Brown, Clarence, Jr. [R-OH-7], Rep. Hiler, John Patrick [R-IN-3], Rep. Bedell, Berkley W. [D-IA-6], Rep. Porter, John Edward [R-IL-10], Rep. Barnard, Doug, Jr. [D-GA-10], Rep. Railsback, Thomas F. [R-IL-19], Rep. Chappell, Bill, Jr. [D-FL-4], Rep. Lujan, Manuel, Jr. [R-NM-1], Rep. Hutto, Earl [D-FL-1], Rep. Petri, Thomas E. [R-WI-6], Rep. Dornan, Robert K. [R-CA-46]

Subjects

Taxation

Source updated

7 February 2024

Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to provide that the maximum reduction (currently $500,000) in valuation under the special estate tax valuation for certain farm and small business real property shall be increased annually between 1981 and 1985 by $100,000 each year plus an inflation adjustment amount.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 27 January 1981

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 27 January 1981

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 27 January 1981

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 4 August 1981

    Committee

    See H.R.4242.

    Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Leesvertaling

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Sponsors

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Sources

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