A bill to amend section 2040 of the Internal Revenue Code of 1954 to provide that a spouse's services shall be taken into account in determining whether that spouse furnished adequate consideration for jointly held property for purposes of qualifying for an exclusion from the Federal estate tax.

referredUnited States· United States Congress· EN

Introduced

28 November 1979

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code, regarding the exclusion from the estate tax of the adjusted consideration furnished by a decedent's spouse with respect to jointly held property, to require treatment of services performed by such spouse as consideration in money or money's worth.

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Votes

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Versions

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Documents

1 official file

Introduced in House
summary · EN · 28 November 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/5974
Open data entity: https://api.congress.gov/v3/bill/96/hr/5974