HR 568 · 97th Congress · Taxation

Small Business and Family Farm Preservation Act of 1981

Introduced 1981-01-05· Sponsored by Rep. Roth, Toby [R-WI-8]· 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] Small Business and Family Farm Preservation 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

Cosponsors (20)

9 Democrats11 Republicans
Rep. Gingrich, Newt [R-GA-6]GA
Rep. Yatron, Gus [D-PA-6]PA
Rep. Pepper, Claude [D-FL-14]FL
Rep. Derwinski, Edward J. [R-IL-4]IL
Rep. Daniel, W. C. (Dan) [D-VA-5]VA
Rep. Weber, Vin [R-MN-6]MN
Rep. Lagomarsino, Robert J. [R-CA-19]CA
Rep. Forsythe, Edwin B. [R-NJ-6]NJ
Rep. Evans, Billy Lee [D-GA-8]GA
Rep. de la Garza, E. [D-TX-15]TX
Rep. Bedell, Berkley W. [D-IA-6]IA
Rep. Madigan, Edward R. [R-IL-21]IL
Rep. Lujan, Manuel, Jr. [R-NM-1]NM
Rep. Bowen, David R. [D-MS-2]MS
Rep. Corcoran, Tom [R-IL-15]IL
Rep. Dornan, Robert K. [R-CA-27]CA
Rep. Jones, Ed [D-TN-7]TN
Rep. Bailey, Wendell [R-MO-8]MO
Rep. Carney, William [R-NY-1]NY
Rep. Murphy, Austin J. [D-PA-22]PA