A bill to amend the Internal Revenue Code of 1986 to phase in a full estate tax deduction for family-owned business interests and to increase the unified credit exemption.

openUnited States· United States Congress· EN

Introduced

25 January 2001

Last action

—

Status

Committee on Finance. Hearings held.

Summary

Amends the Internal Revenue Code to phase-in an increase in the maximum deduction allowed for purposes of the family-owned business estate rule to $9.375 million beginning January 1, 2005. Phases-in an increase in the unified credit against estate and gift taxes to $2 million by 2006.

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Documents

3 official files

Introduced in Senate (text)

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Introduced in Senate (text)
Introduced in Senate · EN · 25 January 2001
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Introduced in Senate (PDF)
Introduced in Senate · EN · 25 January 2001
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Introduced in Senate
summary · EN · 25 January 2001
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Sources

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Official source: https://www.congress.gov/bill/107th-congress/senate-bill/179
Open data entity: https://api.congress.gov/v3/bill/107/s/179