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- S.2994
S.2994: Estate Tax Repeal Acceleration (ExTRA) For Family-Owned Businesses and Farms Act
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about taxation
- Introduced Sept. 24, 2002
- Latest Major Action Sept. 24, 2002
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Estate Tax Repeal Acceleration (ExTRA) for Family-Owned Businesses and Farms Act - Amends estate tax provisions of the Internal Revenue Code to repeal section 2057 (Family-Owned Business Interests). Allows for purposes of such tax, in the case of an electing estate of a decedent with specified carryover business interests, the taxable estate value to be determined by deducting from the value of the gross estate the adjusted value of such...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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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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| Sept. 24, 2002 |
Introduced in the Senate by Blanche Lincoln (D-Ark.) |