HR 2513
108th Congress
House
Taxation
Agriculture and Food
Commerce
Estate tax
Family enterprises
Family farms
Tax deductions
Tax exclusion
Estate Tax Repeal for Family-Owned Farms and Businesses Act of 2003
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 18, 2003
Referred to the House Committee on Ways and Means.
Jun 18, 2003
Introduced in House
Plain-English summary
Estate Tax Repeal for Family-Owned Farms and Businesses Act of 2003 - Amends estate tax provisions of the Internal Revenue Code to repeal section 2057 (Family-Owned Business Interests). Allows for purposes of such tax, in the case of an electing estate of a decedent with specified family-owned business interests, the taxable estate value to be determined by deducting from the value of the gross estate the adjusted value of such qualified family-owned business interests of the decedent. Provides for the treatment of family-owned business interests and spousal property.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1