A bill to amend the Internal Revenue Code of 1954 to increase the exemption for purposes of the Federal estate tax, to provide for installment payments of the estate tax in the case of certain small estates.

referredUnited States· United States Congress· EN

Introduced

3 March 1975

Last action

—

Status

Referred to Senate Committee on Finance.

Summary

Increases to $150,000 (presently $60,000) the exemption for purposes of the Federal estate tax under the Internal Revenue Code. Provides that in the case of estates whose value is under $300,000, the executor may elect to pay part or all of the tax in installments over a period of ten years.

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

Timeline

No timeline events have been ingested for this record yet.

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 · 3 March 1975
Open at official source

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/94th-congress/senate-bill/927
Open data entity: https://api.congress.gov/v3/bill/94/s/927