HR 531
105th Congress
House
Taxation
Estate tax
Families
Inheritance tax
Parents
To amend the Internal Revenue Code of 1986 to limit the applicability of the generation-skipping transfer tax.
Introduced: February 4, 1997
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 4, 1997
Referred to the House Committee on Ways and Means.
Feb 4, 1997
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to provide a special rule for a person whose parent is deceased 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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1