S 1086
104th Congress
Senate
Taxation
Commerce
Estate tax
Families
Family enterprises
Partnerships
Tax exclusion
Tax penalties
American Family-Owned Business Act
Introduced: July 28, 1995
See on congress.gov
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)
Plain-English summary
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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1