United States · Bill · S
S. 2173 (104th)
Family Business Estate Tax Relief Act of 1996
Original
Introduced
30 September 1996
Last action
—
Status
Sponsor introductory remarks on measure. (CR S12258)
Sponsors
—
Subjects
Discovery layer
Source updated
21 August 2025
Summary
Family Business Estate Tax Relief Act of 1996 - Amends the Internal Revenue Code to exclude from a family-owned business' gross estate up to $900,000 of family-owned business interest (in addition to the existing $600,000 estate and gift tax credit), provided that the heirs continue to materially participate in the business for a specified period after the owner's death. Increases the portion of the estate tax subject to the "four- percent" (interest) rule.
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Sources
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- Official source: https://www.congress.gov/bill/104th-congress/senate-bill/2173
- Open data entity: https://api.congress.gov/v3/bill/104/s/2173