HR 5557 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to double the unified credit against estate and gift taxes and to provide an inflation adjustment of such credit.

Introduced 1979-10-12· Sponsored by Rep. Brinkley, Jack [D-GA-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1979-10-12)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase the unified tax credit for both estate and gift taxes from $47,000 to $83,000, with inflation adjustments for every calendar year after 1980.…

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