HR 9933 · 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 1975-09-30· Sponsored by Rep. Nolan, Richard M. [D-MN-6]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1975-09-30)

Plain Language Summary

[AI summary unavailable — showing source text] Provides that the value of a taxable estate under the Internal Revenue Code shall be determined by deducting $200,000 (in lieu of the present exemption of $60,000) from the value of the gross estate.…

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