To amend the Internal Revenue Code of 1986 to increase the unified credit to an exclusion equivalent of $5,000,000.

Fact Sheet API

Bill Number

HR 759

Introduced

Feb 27, 2001

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Commerce Conservation easements Environmental Protection Estate tax Families Family enterprises Gift tax Public Lands and Natural Resources Tax credits Tax deductions Tax exclusion Taxation

Full Text

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Votes

Summary

Amends the Internal Revenue Code to: (1) increase the unified estate and gift tax credit to $5 million; and (2) repeal the estate and gift tax family-owned business interests provision.

Actions

Feb 27, 2001

Referred to the House Committee on Ways and Means.
Feb 27, 2001

Introduced in House
Feb 14, 2001

Sponsor introductory remarks on measure. (CR H366-367)

Amendments

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