Summary: H.R.16892 — 93rd Congress (1973-1974)All Information (Except Text)

There is one summary for H.R.16892. Bill summaries are authored by CRS.

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Introduced in House (09/25/1974)

Increases the exemption for the Federal estate tax from $60,000 to $200,000.

Limits the aggregate deduction for value of property passed to a surviving spouse to $100,000, plus 50 percent of the value of the adjusted gross estate.

Allows an estate executor to determine the value of any real property in an estate by its use for farmland, woodland, or scenic open space.