United States · Bill · S
S. 2266 (96th)
A bill to amend Section 1014 of the Internal Revenue Code.
Introduced
5 February 1980
Last action
—
Status
Referred to Senate Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
14 June 2021
Summary
Amends the Internal Revenue Code, with respect to the estate tax, to provide that the basis of an interest in farming or small business property in the hands of a person acquiring such interest from the decedent shall be the fair market value of the property. Requires an increase in the basis of property acquired in a generation-skipping transfer before the transferor's death by an amount equal to the generation-skipping tax imposed.
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 · 5 February 1980
Sponsors
No sponsors or actors listed by the 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/96th-congress/senate-bill/2266
- Open data entity: https://api.congress.gov/v3/bill/96/s/2266