A bill to amend the Internal Revenue Code of 1954 to increase the unified credit against estate and gift taxes.
Family Estate Tax Act of 1980 - Amends the Internal Revenue Code to: (1) increase from $47,000 to $75,000, without gradual phase-in, the unified credits against the estate and gift taxes; and (2) increase from $175,000 to $260,000 the minimum gross estate requiring filing of an estate tax return.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line