HR 1212
104th Congress
House
Taxation
Agriculture and Food
Commerce
Estate tax
Families
Family enterprises
Family farms
Farms
Gift tax
Real estate appraisal
Tax credits
Tax exclusion
Tax rates
National Family Enterprise Preservation Act of 1995
Introduced: March 10, 1995
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 10, 1995
Referred to the House Committee on Ways and Means.
Mar 10, 1995
Sponsor introductory remarks on measure. (CR E578)
Mar 10, 1995
Introduced in House
Plain-English summary
National Family Enterprise Preservation Act of 1995 - Amends the Internal Revenue Code to increase the estate tax credit and the gift tax credit by amounts equal to the value of any family enterprise property, with limitations.
Increases the gift tax exclusion by the value of gifts of family enterprise property, with limitations.
Establishes a formula for determining the value of family enterprise property.
Increases the limitation on the aggregate reduction in fair market value of certain farm property and other real property.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1