Summary: H.R.5369 — 101st Congress (1989-1990)All Information (Except Text)

There is one summary for H.R.5369. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (07/25/1990)

Amends the Internal Revenue Code to apply a fixed rate of interest to postponed estate tax in connection with reversionary or remainder interests in property included in an estate. Prescribes the interest to be paid at the discount rate used to value the particular interest.

Limits eligibility to postpone such tax on estates where the value of reversionary or remainder interests exceeds 45 percent of the value of the gross estate.