A bill to amend the Internal Revenue Code of 1954 to prevent the imposition of an additional estate tax if special use valuation property is used for the qualified use by the members of the family of certain qualified heirs.

openUnited States· United States Congress· EN

Introduced

17 June 1982

Last action

—

Status

Committee on Finance requested executive comment from OMB; Treasury Department.

Summary

Amends the Internal Revenue Code to treat use of a family farm or business by a family member of an heir to such property as a qualified use for purposes of the special use valuation provisions of the estate tax if such use occurred while the heir qualified under the special use valuation provisions or had attained age 65.

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Versions

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Documents

1 official file

Introduced in Senate
summary · EN · 17 June 1982
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/97th-congress/senate-bill/2639
Open data entity: https://api.congress.gov/v3/bill/97/s/2639