S 1803 · 94th Congress · Foreign Trade and International Finance
A bill to amend the Internal Revenue Code of 1954 to increase the exemption for purposes of the Federal estate tax and to increase the estate tax marital deduction.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Finance.(1975-05-21)
Plain Language Summary
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Increases the value of exemptions for taxable estates under the Internal Revenue Code from $60,000 to $200,000 of the value of the gross estate. Increases the limitation on the aggregate marital deduction to 50 percent of the adjusted gross value of the estate, plus $100,000.…
Summarized by Claude AI · Non-partisan · For informational purposes only