HR 5272 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to increase to $6,000 the exclusion from taxable gifts for gifts made during a calendar year by a donor to a person.

Introduced 1979-09-13· Sponsored by Rep. Quillen, James H. (Jimmy) [R-TN-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1979-09-13)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase the gift tax exclusion to $6,000.…

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