HR 5255 · 95th Congress · Taxation

A bill to amend the Internal Revenue Code relating to the estate tax treatment of property held subject to joint tenancies.

Introduced 1977-03-21· Sponsored by Rep. Kasten, Robert W., Jr. [R-WI-9]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1977-03-21)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to apply the 50 percent estate tax exclusion of joint interests held by a decedent and his spouse to all such tenancies in real and personal property so long as the tenancy was created by either or both spouses and was held solely by them.…

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