HR 1097 · 97th Congress · Taxation

Estate and Gift Tax Act of 1981

Introduced 1981-01-22· Sponsored by Rep. Hinson, Jon C. [R-MS-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: See H.R.4242.(1981-08-04)

Plain Language Summary

[AI summary unavailable — showing source text] Estate and Gift Tax Act of 1981 - Amends the Internal Revenue Code to increase the unified credit against estate and gift taxes from $47,000 to $155,800. Increases the amount of the annual gift tax exclusion from $3,000 to $6,000.…

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