S 2394 · 94th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to increase the amount of the estate tax exemption, to provide that certain farm land included in the gross estate be valued according to its use as farm land.

Introduced 1975-09-23· Sponsored by Sen. Mondale, Walter F. [D-MN]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1975-09-23)

Plain Language Summary

[AI summary unavailable — showing source text] Increases the amount of the estate tax exemption under the Internal Revenue Code from $60,000 to $150,000. Provides that farmland included in the gross estate be valued according to its use as farmland.…

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

Cosponsors (14)

10 Democrats4 Republicans