[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4468 Introduced in House (IH)]







105th CONGRESS
  2d Session
                                H. R. 4468

 To amend the Internal Revenue Code of 1986 to repeal the phaseout of 
         the graduated estate tax rates and the unified credit.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             August 6, 1998

Mr. Gillmor (for himself and Mr. Herger) 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 repeal the phaseout of 
         the graduated estate tax rates and the unified credit.

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

SECTION 1. REPEAL OF PHASEOUT OF GRADUATED ESTATE TAX RATES AND UNIFIED 
              CREDIT.

    (a) In General.--Subsection (c) of section 2001 of the Internal 
Revenue Code of 1986 (relating to imposition and rate of estate tax) is 
amended--
            (1) by striking ``(1) In general.--'', and
            (2) by striking paragraph (2).
    (b) Conforming Amendment.--Subsection (b) of section 2101 of such 
Code is amended by striking the last sentence.
    (c) Effective Date.--The amendments made by this section shall 
apply to estates of decedents dying, and gifts made, after June 30, 
1993.
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