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United States · Bill · HR

H.R. 2324 (97th)

A bill to amend the Internal Revenue Code of 1954 to increase the annual gift tax exclusion and to clarify the gift tax treatment of certain transfers for consumption.

openUnited States· United States Congress· EN

Introduced

4 March 1981

Last action

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Status

See H.R.4242.

Sponsors

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Subjects

Discovery layer

Source updated

7 February 2024

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Summary

Amends the Internal Revenue Code to increase the amount of the annual gift tax exclusion from $3,000 to $10,000. Excludes non-appreciable gifts to minor children (under age 21) and household members for consumption from the gift tax.

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Documents

1 official file

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