HR 4885 · 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 $120,000.

Introduced 1975-03-13· Sponsored by Rep. Whitten, Jamie L. [D-MS-1]· 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 $120,000 (previously $60,000). Increases the exemption for estates of nonresidents not citizens from $30,000 to $60,000.…

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