HR 3423 · 98th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to repeal the estate and gift taxes and to provide offsetting revenues by reducing the amount of the investment tax credit.

Introduced 1983-06-28· Sponsored by Rep. Coleman, Ronald D. [D-TX-16]· 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.(1983-06-28)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to repeal the estate tax, the gift tax, and the tax on generation-skipping transfers. Reduces the amount of the regular percentage for purposes of the investment tax credit from ten percent to seven percent.…

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

Cosponsors (1)

1 Democrat
Rep. Bryant, John W. [D-TX-5]TX