HR 14069 · 95th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to provide an inflation adjustment for the amount exempted from gift tax.

Introduced 1978-09-13· Sponsored by Rep. McDonald, Lawrence P. [D-GA-7]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1978-09-13)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase the gift tax annual exclusion to $6,100 (with a cost of living adjustment for the quarter in which the gift is made) beginning in 1978.…

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