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.

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 28 November 1979

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 28 November 1979

   Introduced

   Introduced in House

   Source: IntroReferral

3. 28 November 1979

   Introduced

   Introduced in House

   Source: IntroReferral

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

Sponsors

• Rep. Byron, Beverly B. [D-MD-6] · D · Sponsor
• · hswm00 · Standing

Related records

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