Legislators
Bills
Statements
Lobbying
Travel
- Bills
- H.R.62
H.R.62: To amend the Internal Revenue Code of 1986 to increase the unified estate and gift tax credit to an amount equivalent to a $1,200,000 exemption.
About This Bill
- This bill was introduced in the 104th Congress
- This bill is primarily about taxation
- Introduced Jan. 4, 1995
- Latest Major Action Jan. 4, 1995
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
37 (3 Democrats, 34 Republicans)
Bill Summary
Amends the Internal Revenue Code to: (1) increase the unified credit against the estate tax of citizens or residents; (2) the unified credit against the estate tax of nonresidents who are not citizens; and (3) the unified credit against the gift tax. Requires an estate tax return in cases where the gross estate exceeds $1.2 million (currently $600,000). Revises the formula for the phaseout of graduated rates and the unified credit.
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Referred to the House Committee on Ways and Means.
|
|
Jan. 4, 1995 |
Introduced in the House by Bob Livingston (R-La.) |