A bill to amend the Internal Revenue Code of 1954 to eliminate the estate and gift tax on interspousal transfers, to make the estate tax farm valuation provisions applicable to the gift tax, and for other purposes.

referredUnited States· United States Congress· EN

Introduced

11 June 1981

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to eliminate the limitations on the amount of the estate and gift tax marital deduction. Allows an election to value gifts of certain real property by using the estate tax valuation provisions applicable to certain farm and business real property.

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Documents

1 official file

Introduced in House
summary · EN · 11 June 1981
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/house-bill/3891
Open data entity: https://api.congress.gov/v3/bill/97/hr/3891