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United States · Bill · HR

H.R. 4548 (100th)

A bill to amend the Internal Revenue Code of 1986 to clarify the special estate tax valuation rules.

referredUnited States· United States Congress· EN

Introduced

9 May 1988

Last action

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Status

Referred to House Committee on Ways and Means.

Sponsors

—

Subjects

Discovery layer

Source updated

7 February 2024

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Summary

Amends estate tax provisions of the Internal Revenue Code to: (1) permit use valuation of farmland and other real property even if a person other than the decedent or family member was using the property for a qualified use on the date of the decedent's death; and (2) disallow the imposition of additional estate tax if any member of the qualified heir's family (currently it must be the heir) continues to use the property for a qualified use. Applies these provisions retroactively in connection with the estates of decedents dying after 1976.

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Documents

1 official file

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