HR 560 · 96th 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 1979-01-15· Sponsored by Rep. McDonald, Lawrence P. [D-GA-7]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1979-01-15)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to increase the amount of the gift tax exemption and to require quarterly cost of living adjustments to such amount.…

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