HR 15839 · 93th Congress · Taxation
A bill to amend the Internal Revenue Code of 1954 to increase the exemption for purposes of the Federal estate tax from $60,000 to $120,000.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1974-07-10)
Plain Language Summary
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Increases the exemption under the Internal Revenue Code, for purposes of the Federal estate tax from $60,000 to $120,000. Provides that where there is a gross estate of less than $120,000, a return with respect to such estate need not be filed by the executor.…
Summarized by Claude AI · Non-partisan · For informational purposes only