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United States · Bill · S

S. 650 (105th)

Estate Tax Reduction Act of 1997

referredUnited States· United States Congress· EN

Introduced

24 April 1997

Last action

Status

Read twice and referred to the Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

21 August 2025

Summary

Estate Tax Reduction Act of 1997 - Amends the Internal Revenue Code to reduce the rate of the estate tax to the following: (1) 20 percent on estates not over $10 million; and (2) $2 million, plus 30 percent of the excess over $10 million on estates over $10 million. Increases the unified credit against the estate tax and the gift tax.

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Documents

3 official files

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Sources

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