HR 4521 · 105th Congress · Taxation

Family Business and Family Farm Preservation Act of 1998

Introduced 1998-08-07· Sponsored by Rep. Weller, Jerry [R-IL-11]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1998-08-07)

Plain Language Summary

[AI summary unavailable — showing source text] Family Business and Family Farm Preservation Act of 1998 - Amends the Internal Revenue Code to provide that the $675,000 limitation on the estate tax deduction shall not apply to interests in a business owned by a single family. Establishes a reinvestment requirement on estates to which such limitation did not apply.…

Summarized by Claude AI · Non-partisan · For informational purposes only