Summary: H.R.5217 — 97th Congress (1981-1982)All Information (Except Text)

There is one summary for H.R.5217. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (12/15/1981)

Amends the Internal Revenue Code to limit to 12 percent the rate of interest on amounts of unpaid estate tax: (1) extended because the estate consists largely of an interest in a closely held business; (2) imposed as a recapture tax under the special use valuation provisions; and (3) extended because the estate consists of a reversionary or remainder interest in property.