There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
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.