Description: H.Amdt. 763 — 106th Congress (1999-2000)All Information (Except Text)

Amendment in the nature of a substitute sought to increase the estate and gift taxes exemption for individuals to $1,100,000, from the current level of $675,000; raise the estate tax exclusion for small businesses by creating a $4 million exclusion per family for farms and closely held businesses; and provide a 20 percent across-the-board reduction to the estate and gift tax rates.


An amendment in the nature of a substitute to provide a 20% reduction to estate and gift taxes and increase the limit on the small business exclusion from $1.3 million to $2 million.

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