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.

Introduced 1975-05-21· Sponsored by Sen. Burdick, Quentin N. [D-ND]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1975-05-21)

Plain Language Summary

[AI summary unavailable — showing source text] 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