HR 8016 · 96th Congress · Taxation

Estate and Gift Tax Act of 1980

Introduced 1980-08-25· Sponsored by Rep. Latta, Delbert L. [R-OH-5]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1980-08-25)

Plain Language Summary

[AI summary unavailable — showing source text] Estate and Gift Tax Act of 1980 - Amends the Internal Revenue Code to: (1) increase from $47,000 to $155,800 the unified credit against the estate and gift tax; and (2) increase from $3,000 to $6,000 the gift tax exclusion.…

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