Congress: 96th

Sponsor: Representative Richmond, Frederick W. (01/31/1979)

Committees: House - Ways and Means

Description: A bill to amend the Internal Revenue Code of 1954 to provide that the executor may elect to disregard, in the valuation for estate tax purposes of certain items created by the decedent during his life, any amount which would not have been capital gain if such item had been sold by the decedent at its fair market value.

Lastest Action: 01/31/1979 Referred to House Committee on Ways and Means.  (All Actions)

Official: H.R.1720 -- 96th Congress