H.R. 14069 — A bill to amend the Internal Revenue Code of 1954 to provide an inflation adjustment for the amount exempted from gift tax.

Summary

Amends the Internal Revenue Code to increase the gift tax annual exclusion to $6,100 (with a cost of living adjustment for the quarter in which the gift is made) beginning in 1978.

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Legislative Actions

1978-09-13
Introduced in House
1978-09-13
Introduced in House
1978-09-13
Referred to House Committee on Ways and Means.

A bill to amend the Internal Revenue Code of 1954 to provide an inflation adjustment for the amount exempted from gift tax.

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Summary

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