[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1411 Introduced in House (IH)]

103d CONGRESS
  1st Session
                                H. R. 1411

   To amend the Internal Revenue Code of 1986 to double the maximum 
benefit under the special estate tax valuation rules for certain farm, 
                          etc., real property.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 18, 1993

   Mr. Thomas of California introduced the following bill; which was 
              referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
   To amend the Internal Revenue Code of 1986 to double the maximum 
benefit under the special estate tax valuation rules for certain farm, 
                          etc., real property.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. DOUBLING OF MAXIMUM BENEFIT UNDER SPECIAL ESTATE TAX 
              VALUATION RULES FOR CERTAIN FARM, ETC., REAL PROPERTY.

    (a) In General.--Paragraph (2) of section 2032A(a) of the Internal 
Revenue Code of 1986 (relating to limitation on aggregate reduction in 
fair market value) is amended by striking ``$750,000'' and inserting 
``$1,500,000''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to decedents dying after the date of the enactment of this Act.

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