Estate Tax III
Messrs. Fattman, O'Connor and Tarr move that the proposed new text be amended by striking out in line 183 of section 29 the following figure:-“$2,000,000” and inserting in place thereof the following:-“$3,000,000” Moves to further amend by inserting after section 29 (g) the following new subsections:- (h) For the estates of decedents dying on or after January 1, 2028, a credit shall be allowed against the tax imposed by subsections (a) and (b) equal to the amount of such tax; provided, however, that the credit shall not exceed $199,200. (i) The estates of decedents dying on or after January 1, 2028 shall not be required to pay any tax under subsections (a) and (b) if the value of the fede…
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