HR 1340
97th Congress
House
Taxation
Agriculture and Rural Affairs
Business and commerce
Economics and Public Finance
Estate tax
Farm lands
Farms
Inflation
Real property
Small business
Valuation
A bill to amend the Internal Revenue Code of 1954 to provide that the maximum reduction in valuation under the special estate tax valuation for certain farm, small business, and so forth, real property shall be increased to $1,000,000 and to provide an inflation adjustment for such amount.
Introduced: January 27, 1981
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 4, 1981
See H.R.4242.
Jan 27, 1981
Referred to House Committee on Ways and Means.
Jan 27, 1981
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to provide that the maximum reduction (currently $500,000) in valuation under the special estate tax valuation for certain farm and small business real property shall be increased annually between 1981 and 1985 by $100,000 each year plus an inflation adjustment amount.
What's happening now
See H.R.4242.
Committees of jurisdiction
1
Cosponsors
1