S 1170
104th Congress
Senate
Taxation
Estate tax
Families
Inheritance tax
Parents
A bill to limit the applicability of the generation-skipping transfer tax.
Introduced: August 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
Aug 10, 1995
Read twice and referred to the Committee on Finance.
Aug 10, 1995
Sponsor introductory remarks on measure. (CR S12270)
Aug 10, 1995
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to provide a special rule for persons with a deceased parent for purposes of the generation-skipping transfer tax. Makes such rule inapplicable to an individual who is not a lineal descendant if there is a living lineal descendant.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1