A bill to amend the Internal Revenue Code of 1986 to allow a family-owned business exclusion from the gross estate subject to estate tax, and for other purposes.
American Family-Owned Business Act - Amends the Internal Revenue Code to exclude from the gross estate specified portions of the adjusted value of the qualified family-owned business interests of the decedent.
Sponsor introductory remarks on measure. (CR S8082-8083)
Introduced in Senate
Sponsor introductory remarks on measure. (CR S10876-10878)
Read twice and referred to the Committee on Finance.
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