HR 16696 · 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
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1974-09-17)
Plain Language Summary
[AI summary unavailable — showing source text]
Increases, under the Internal Revenue Code, the exemption 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