HR 4861 · 94th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to increase the exemption for purposes of the Federal estate tax from $60,000 to $200,000.

Introduced 1975-03-13· Sponsored by Rep. McDade, Joseph M. [R-PA-10]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1975-03-13)

Plain Language Summary

[AI summary unavailable — showing source text] Increases, under the Internal Revenue Code, the estate tax exemption to $200,000 (previously $60,000). States that the amendments made by this Act shall apply to the estates of decedents dying after December 31, 1973.…

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