Amendment106th Congress
Amendment in the nature of a substitute sought to increase the estate and gift taxes exemption for individuals to $1,100,000, from the current level of $675,000; raise the estate tax exclusion for small businesses by creating a $4 million exclusion per family for farms and closely held businesses; and provide a 20 percent across-the-board reduction to the estate and gift tax rates.
- Amendment Number
- 763
- Description
- Amendment in the nature of a substitute sought to increase the estate and gift taxes exemption for individuals to $1,100,000, from the current level of $675,000; raise the estate tax exclusion for small businesses by creating a $4 million exclusion per family for farms and closely held businesses; and provide a 20 percent across-the-board reduction to the estate and gift tax rates.
- Purpose
- An amendment in the nature of a substitute to provide a 20% reduction to estate and gift taxes and increase the limit on the small business exclusion from $1.3 million to $2 million.
- Congress
- 106
- Type
- HAMDT
- Latest Action Date
- Jun 9, 2000
- Latest Action Text
- On agreeing to the Rangel amendment (A002) Failed by the Yeas and Nays: 196 - 222 (Roll no. 252). (text: CR H4148-4150)
- Latest Action Time
- 12:49:40
- Submitted Date
- Jun 9, 2000
- Chamber
- House of Representatives
- Update Date
- Aug 15, 2021