To amend the Internal Revenue Code of 1986 to increase the unified estate and gift tax credit to an amount equivalent to a $1,200,000 exemption.

Summary

Amends the Internal Revenue Code to increase the unified credit against the estate tax and the gift tax. Requires an estate tax return in cases where the gross estate exceeds $1.2 million (currently $600,000). Revises the formula for the phaseout of graduated rates and the unified credit.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 11 February 1997

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• Introduced in House (PDF)

  Introduced in House · EN · 11 February 1997

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 11 February 1997

  Open at official source

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