HR 13235 · 94th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to increase the amount of the estate tax exemption from $60,000 to $200,000 and to increase the estate tax marital deduction.

Introduced 1976-04-13· Sponsored by Rep. Litton, Jerry [D-MO-6]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1976-04-13)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase the amount of the estate tax exemption from $60,000 to $200,000. Increases the estate tax marital deduction to allow an aggregate deduction not to exceed $200,000 plus 50 percent of the value of the adjusted gross estate.…

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