United States · Bill · S
S. 2994 (107th)
Estate Tax Repeal Acceleration (ExTRA) For Family-Owned Businesses and Farms Act
Introduced
24 September 2002
Last action
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Status
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S9119-9121)
Sponsors
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Subjects
Discovery layer
Source updated
19 August 2025
Summary
Estate Tax Repeal Acceleration (ExTRA) for Family-Owned Businesses and Farms Act - Amends estate tax provisions of the Internal Revenue Code to repeal section 2057 (Family-Owned Business Interests). Allows for purposes of such tax, in the case of an electing estate of a decedent with specified carryover business interests, the taxable estate value to be determined by deducting from the value of the gross estate the adjusted value of such carryover business interests of the decedent. Provides for the treatment of carryover business interests and spousal property.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate (text)
Introduced in Senate · EN · 24 September 2002
Introduced in Senate (PDF)
Introduced in Senate · EN · 24 September 2002
Introduced in Senate
summary · EN · 24 September 2002
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/107th-congress/senate-bill/2994
- Open data entity: https://api.congress.gov/v3/bill/107/s/2994