HR 1067 · 99th Congress · Taxation

Fairness in Gift Tax Act

Introduced 1985-02-07· Sponsored by Rep. Mollohan, Alan B. [D-WV-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1985-02-07)

Plain Language Summary

[AI summary unavailable — showing source text] Fairness in Gift Tax Act - Provides that interest-free or below market rate loans made before February 23, 1984, did not give rise to any taxable gift prior to such date. Extends the period of the statute of limitations for purposes of any refunds or credits for overpayments of tax resulting from this Act.…

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