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.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1976-04-13)
Plain Language Summary
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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