HR 4238
97th Congress
House
Taxation
Estate tax
Gift tax
A bill to amend the Internal Revenue Code of 1954 to phase out the Federal estate and gift taxes and the tax on generation-skipping transfers.
Introduced: July 22, 1981
Introduced by:
Smith, Christopher H.
Republican
· New Jersey
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 22, 1981
Referred to House Committee on Ways and Means.
Jul 22, 1981
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to reduce by one third the Federal estate and gift taxes in 1982 and in 1983 and repeal such taxes after 1983. Repeals the tax on generation-skipping transfers after 1983.
What's happening now
Referred to House Committee on Ways and Means.
Committees of jurisdiction
1