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S 1086 104th Congress Senate

American Family-Owned Business Act

Official title: A bill to amend the Internal Revenue Code of 1986 to allow a family-owned business exclusion from the gross estate subject to estate tax, and for other purposes.

Introduced: July 28, 1995 See on congress.gov
Taxation CommerceEstate taxFamiliesFamily enterprises
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PartnershipsTax exclusionTax penalties
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This bill died when the 104th Congress ended
It never became law before the 104th Congress (1995–1996) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 28, 1995
Read twice and referred to the Committee on Finance.
Jul 28, 1995
Sponsor introductory remarks on measure. (CR S10876-10878)
Jul 28, 1995
Introduced in Senate
Jun 9, 1995
Sponsor introductory remarks on measure. (CR S8082-8083)
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 Latest action July 28, 1995

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

American Family-Owned Business Act - Amends the Internal Revenue Code to exclude from the gross estate specified portions of the adjusted value of the qualified family-owned business interests of the decedent.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Republican 1
D
Murray, Patty
Washington · Aug 4, 1995
 R
Grassley, Chuck
Iowa · Jul 28, 1995
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1086: American Family-Owned Business Act. 104th Congress. Open America. https://openamerica.io/bill/104-S-1086/
MLA
"S. 1086: American Family-Owned Business Act." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-S-1086/.
Bluebook (legal)
S. 1086, 104th Cong. (2026), https://openamerica.io/bill/104-S-1086/.
Markdown link
[S. 1086: American Family-Owned Business Act](https://openamerica.io/bill/104-S-1086/)
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