A bill to amend the Internal Revenue Code of 1954 to disregard, in the valuation for estate tax purposes of certain items created by the decedent during his life, any amount which would not have been capital gain if such item had been sold by the decedent at its fair market value.

referredUnited States· United States Congress· EN

Introduced

31 January 1979

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to permit the executor of an estate, in calculating the value of the gross estate, to disregard that portion of the value of any copyright, or literary, musical, or artistic work created by the decedent which would not have been capital gain if such work had been sold by the decedent at its fair market value.

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Documents

1 official file

Introduced in House
summary · EN · 31 January 1979
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/96th-congress/house-bill/1705
Open data entity: https://api.congress.gov/v3/bill/96/hr/1705