HR 683
105th Congress
House
Taxation
Estate tax
Gift tax
Tax credits
Tax rates
Tax returns
To amend the Internal Revenue Code of 1986 to increase the unified estate and gift tax credit to an amount equivalent to a $1,200,000 exemption.
Introduced: February 11, 1997
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 5, 1997
See H.R.2014.
Feb 11, 1997
Introduced in House
Feb 11, 1997
Referred to the House Committee on Ways and Means.
Plain-English summary
Amends the Internal Revenue Code to increase the unified credit against the estate tax and the gift tax.
Requires an estate tax return in cases where the gross estate exceeds $1.2 million (currently $600,000).
Revises the formula for the phaseout of graduated rates and the unified credit.
What's happening now
See H.R.2014.
Committees of jurisdiction
1
Cosponsors
1