Estate Tax Adjustment Act of 1979

Summary

Estate Tax Adjustment Act of 1979 - Amends the Internal Revenue Code to increase the unified credits against the estate and gift taxes from $47,000 to $70,700, with increased phase-in amounts for 1979 and 1980. Increases from $175,000 to $250,000 the minimum gross estate necessary to impose on the executor of a United States citizen or resident the duty to make an estate tax return.

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

Timeline

1. 26 September 1979

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

2. 26 September 1979

   Introduced

   Introduced in Senate

   Source: IntroReferral

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 · 26 September 1979

  Open at official source

Sponsors

• Sen. Nelson, Gaylord [D-WI] · D · Sponsor
• Sen. Pell, Claiborne [D-RI] · D · Cosponsor
• Sen. Roth Jr., William V. [R-DE] · R · Cosponsor
• Sen. Cranston, Alan [D-CA] · D · Cosponsor
• Sen. Packwood, Bob [R-OR] · R · Cosponsor
• Sen. Melcher, John [D-MT] · D · Cosponsor
• Sen. Thurmond, Strom [R-SC] · R · Cosponsor
• Sen. Jepsen, Roger W. [R-IA] · R · Cosponsor
• Sen. Schmitt, Harrison H. [R-NM] · R · Cosponsor
• · ssfi00 · Standing

Related records

No cross-record relationships stored yet.