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.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Finance.(1975-09-23)
Plain Language Summary
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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