A bill to amend the Internal Revenue Code of 1986 to increase the unified estate and gift tax credit to exempt farms and small businesses from estate taxes, and for other purposes.
American Farm Heritage and Small Business Preservation Act - Amends the Internal Revenue Code to increase the estate and gift tax credits each to $1.5 million.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S5413)
Read twice and referred to the Committee on Finance.
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