United States · Bill · S
S. 3139 (94th)
A bill to amend the Internal Revenue Code of 1954 to provide rules for Federal estate taxation more equitable than those presently in effect.
Introduced
15 March 1976
Last action
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Status
Referred to Senate Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
1 August 2024
Summary
Allows an estate tax credit of $25,000 under the Internal Revenue Code. Authorizes the executor of an estate to elect an additional credit of $15,000 if 65 percent or more of the value of the adjusted gross estate is attributable to a qualifying small business. Reduces the additional credit by 15 percent of the amount by which the value of the taxable estate exceeds $300,000. Defines the terms used in this Act. Makes technical and conforming amendments.
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 15 March 1976
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/94th-congress/senate-bill/3139
- Open data entity: https://api.congress.gov/v3/bill/94/s/3139