S 955 · 97th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 with respect to the time for payment of gift taxes.

Introduced 1981-04-09· Sponsored by Sen. Byrd, Harry F., Jr. [I-VA]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Committee on Finance requested executive comment from OMB; Treasury Department.(1981-04-17)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to require determination of gift tax liability on a calendar year, rather than calendar quarter, basis. Applies the return requirements on a calendar year, rather than calendar quarter, basis.…

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

Cosponsors (1)

1 Republican
Sen. Packwood, Bob [R-OR]OR