A bill to amend the Internal Revenue Code of 1954 to limit the maximum rate of interest charged on certain deferred payments of estate taxes and certain recapture taxes.

referredUnited States· United States Congress· EN

Introduced

15 December 1981

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to limit to 12 percent the rate of interest on amounts of unpaid estate tax: (1) extended because the estate consists largely of an interest in a closely held business; (2) imposed as a recapture tax under the special use valuation provisions; and (3) extended because the estate consists of a reversionary or remainder interest in property.

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Documents

1 official file

Introduced in House
summary · EN · 15 December 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/5217
Open data entity: https://api.congress.gov/v3/bill/97/hr/5217