United States · Bill · S
S. 2272 (94th)
A bill entitled "The Family Farm Estate Tax Reform Bill."
Introduced
1 August 1975
Last action
—
Status
Referred to Senate Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
1 August 2024
Summary
Increases the value of exemptions for taxable estates under the Internal Revenue Code from $60,000 to $200,000 of the value of the gross estate. Increases the limitation on the aggregate marital deduction to 50 percent of the adjusted gross value of the estate, plus $100,000. Allows an executor to value farmland, woodland, and scenic open land at its current use value rather than at its fair market value.
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Timeline
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 1 August 1975
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
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- Official source: https://www.congress.gov/bill/94th-congress/senate-bill/2272
- Open data entity: https://api.congress.gov/v3/bill/94/s/2272