H.R.683 - To amend the Internal Revenue Code of 1986 to increase the unified estate and gift tax credit to an amount equivalent to a $1,200,000 exemption.105th Congress (1997-1998)
Summary: H.R.683 — 105th Congress (1997-1998)
Introduced in House (02/11/1997)
Amends the Internal Revenue Code to increase the unified credit against the estate tax and the gift tax.
Requires an estate tax return in cases where the gross estate exceeds $1.2 million (currently $600,000).
Revises the formula for the phaseout of graduated rates and the unified credit.