HR 3686 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to increase the amount of the annual gift tax exclusion from $3,000 to $5,000.

Introduced 1979-04-24· Sponsored by Rep. Martin, James G. [R-NC-9]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1979-04-24)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase the amount of the annual gift tax exclusion to $5,000.…

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