A bill to amend the Internal Revenue Code of 1954 to increase the unified credit against estate and gift taxes to provide that $400,000 of property shall be exempt from such taxes, and to provide an inflation adjustment of such amount.

referredUnited States· United States Congress· EN

Introduced

6 March 1980

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to increase the unified tax credit for both estate and gift taxes from $47,000 to $121,800, with annual inflation adjustments.

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Documents

1 official file

Introduced in House
summary · EN · 6 March 1980
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/96th-congress/house-bill/6724
Open data entity: https://api.congress.gov/v3/bill/96/hr/6724