HR 12192 · 94th Congress · Taxation

Estate and Gift Tax Act

Introduced 1976-03-01· Sponsored by Rep. Hungate, William L. [D-MO-9]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1976-03-01)

Plain Language Summary

[AI summary unavailable — showing source text] Estate and Gift Tax Act - Increases the estate tax exemption, under the Internal Revenue Code, to $120,000 in the case of the estate of a decedent dying after December 31, 1979. Increases the specific exemption for gift tax to $60,000.…

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