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- H.R.683
H.R.683: 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 105th Congress
- This bill is primarily about taxation
- Introduced Feb. 11, 1997
- Latest Major Action Aug. 5, 1997
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
45 (4 Democrats, 42 Republicans)
Bill Summary
Amends the Internal Revenue Code to increase the unified credit against the estate tax and 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 |
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Referred to the House Committee on Ways and Means.
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See H.R.2014.
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Feb. 11, 1997 |
Introduced in the House by Bob Livingston (R-La.) |