H.R.5315 - Death Tax Relief Now Act of 2000106th Congress (1999-2000)
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Summary: H.R.5315 — 106th Congress (1999-2000)All Information (Except Text)
Introduced in House (09/27/2000)
Death Tax Relief Now Act of 2000 - Amends the Internal Revenue Code to: (1) reduce the estate tax rates; (2) increase (and provide a cost of living adjustment for) the exemption equivalent of the unified credit; (3) repeal the family-owned business interests deduction provisions; (4) repeal provisions providing for a credit for State death taxes and provide for the deduction from an estate's value of State death taxes paid; and (5) increase the permissible number of partners or shareholders in a closely held business for purposes of eligibility for an extension of estate tax payments.