H.R. 348 (105th): To amend the Internal Revenue Code of 1986 to increase the unified credit against estate and gift taxes to an amount equivalent to a $1,000,000 exclusion.

Introduced:
Jan 07, 1997 (105th Congress, 1997–1998)
Sponsor:
Rep. Robert Stump [R-AZ3]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on January 7, 1997, in a previous session of Congress, but was not enacted.

Progress
Introduced Jan 07, 1997
Cosponsors
none
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Summary

No summaries available.

Text

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Last updated Jan 07, 1997.
2 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

1/7/1997--Introduced.
Amends the Internal Revenue Code to increase the unified credit against estate tax and gift tax. Revises the formula for the phase-out of graduated rates and the unified credit. Requires the executor of an estate to make a tax return where the estate exceeds $1 million (currently $600,000).

House Republican Conference Summary

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House Democratic Caucus Summary

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