A bill to amend the Internal Revenue Code of 1986 to increase the estate and gift tax exemption from $600,000 to $1,000,000.
Amends the Internal Revenue Code to increase the unified estate and gift tax credits.
Requires the filing of estate tax returns in all cases where an estate exceeds $1,000,000 (currently, $600,000).
Introduced in Senate
Sponsor introductory remarks on measure. (CR S2549)
Read twice and referred to the Committee on Finance.
Subcommittee on Energy and Agricultural Taxation. Hearings held. Hearings printed: S.Hrg. 103-1025.
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