A bill to amend the Internal Revenue Code of 1954 to increase the amount of the estate tax exemption, to provide that certain farm land included in the gross estate be valued according to its use as farm land.

Summary

Increases the amount of the estate tax exemption under the Internal Revenue Code from $60,000 to $150,000. Provides that farmland included in the gross estate be valued according to its use as farmland.

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

Timeline

1. 23 September 1975

   Introduced

   Introduced in Senate

   Source: IntroReferral

2. 23 September 1975

   Introduced

   Referred to Senate Committee on Finance.

   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 · 23 September 1975

  Open at official source

Sponsors

• Sen. Mondale, Walter F. [D-MN] · D · Sponsor
• Sen. Humphrey, Hubert H. [D-MN] · D · Cosponsor
• Sen. Nelson, Gaylord [D-WI] · D · Cosponsor
• Sen. Curtis, Carl T. [R-NE] · R · Cosponsor
• Sen. Hart, Philip A. [D-MI] · D · Cosponsor
• Sen. Hartke, Vance [D-IN] · D · Cosponsor
• Sen. Hollings, Ernest F. [D-SC] · D · Cosponsor
• Sen. Huddleston, Walter (Dee) [D-KY] · D · Cosponsor
• Sen. Laxalt, Paul D. [R-NV] · R · Cosponsor
• Sen. Abourezk, James [D-SD] · D · Cosponsor
• Sen. McGee, Gale W. [D-WY] · D · Cosponsor
• Sen. Tunney, John V. [D-CA] · D · Cosponsor
• Sen. Helms, Jesse [R-NC] · R · Cosponsor
• Sen. Hruska, Roman L. [R-NE] · R · Cosponsor
• Sen. Morgan, Robert B. [D-NC] · D · Cosponsor
• · ssfi00 · Standing

Related records

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