HR 12770 · 94th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide rules for Federal estate taxation more equitable than those presently in effect.

Introduced 1976-03-24· Sponsored by Rep. Obey, David R. [D-WI-7]· 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.(1976-03-24)

Plain Language Summary

[AI summary unavailable — showing source text] Allows a general estate tax credit of $30,000 under the Internal Revenue Code. Requires the filing of a Federal estate tax return where the value of the gross estate exceeds $131,000.…

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