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- S.482
S.482: Family Business and Family Farm Preservation Act of 1997
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced March 20, 1997
- Latest Major Action June 27, 1997
Bill Sponsor
Bill Cosponsors
3 (All Republicans)
Bill Summary
Family Business and Family Farm Preservation Act of 1997 - Amends the Internal Revenue Code to exclude from a decedent's gross estate the adjusted value (within certain limits) of qualified family-owned business interests. Imposes an additional estate tax during the first ten years after death for failure to materially participate, disposition of assets, loss of U.S. citizenship, or overseas business relocation. Requires business interests...
(Source: Library of Congress)
Bill Actions
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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Committee on Finance. Hearings held.
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Sponsor introductory remarks on measure.
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| March 20, 1997 |
Introduced in the Senate by Susan Collins (R-Maine) |