A bill to amend the Internal Revenue Code of 1954 to provide qualified use valuations for certain real property acquired by any individual from a decedent and to prevent acceleration of estate tax payments.

openUnited States· United States Congress· EN

Introduced

14 October 1981

Last action

—

Status

Committee on Finance requested executive comment from OMB; Treasury Department.

Summary

Amends the Internal Revenue Code to modify the alternate extension of time for payment of the estate tax for an estate consisting of a closely held business to provide that subsequent transfers of property by reason of the death of a person who acquired the property through the decedent's estate will not accelerate payment of the tax.

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

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Introduced in Senate
summary · EN · 14 October 1981
Open at official source

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/97th-congress/senate-bill/1734
Open data entity: https://api.congress.gov/v3/bill/97/s/1734