HR 494 · 93th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide for the valuation of a descendent's interest in a closely held business for estate tax purposes.

Introduced 1973-01-03· Sponsored by Rep. Fisher, O. C. [D-TX-21]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1973-01-03)

Plain Language Summary

[AI summary unavailable — showing source text] Permits a taxpayer to elect a specified schedule for computing the valuation of a decedent's interest in a closely held business for estate tax purposes under the Internal Revenue Code of 1954.…

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