To amend the Internal Revenue Code of 1986 to increase the unified credit against estate and gift taxes to the equivalent of a $5,000,000 exclusion and to provide an inflation adjustment of such amount.
Amends the Internal Revenue Code to increase the unified credit against the estate and gift taxes to $5 million and to provide for an annual cost-of-living adjustment to such amount.
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Apr 4, 2001
Referred to the House Committee on Ways and Means.