Legislators
Bills
Statements
Lobbying
Travel
Searching...- Bills
- S.179
S.179: A bill to amend the Internal Revenue Code of 1986 to phase in a full estate tax deduction for family-owned business interests and to increase the unified credit exemption.
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about taxation
- Introduced Jan. 25, 2001
- Latest Major Action March 15, 2001
Bill Sponsor
Bill Summary
Amends the Internal Revenue Code to phase-in an increase in the maximum deduction allowed for purposes of the family-owned business estate rule to $9.375 million beginning January 1, 2005. Phases-in an increase in the unified credit against estate and gift taxes to $2 million by 2006.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Sponsor introductory remarks on measure.
|
|
|
Read twice and referred to the Committee on Finance.
|
|
|
Committee on Finance. Hearings held.
|
|
| Jan. 25, 2001 |
Introduced in the Senate by Byron L. Dorgan (D-N.D.) |