Prohibits the imposition of the estate tax on generation-skipping transfers with respect to property transferred from a certain estate.
HR 5774 IH 102d CONGRESS 2d Session H. R. 5774 For the relief of LeeAnn Bassett Helmick, Lynn Bassett Holland, and Louise Bassett Meyling. IN THE HOUSE OF REPRESENTATIVES August 4, 1992 Mr. IRELAND introduced the following bill; which was referred to the Committee on Ways and Means A BILL For the relief of LeeAnn Bassett Helmick, Lynn Bassett Holland, and Louise Bassett Meyling. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. EXEMPTION FROM CERTAIN TAXES. (a) IN GENERAL- No tax shall be imposed under chapter 13 of the Internal Revenue Code of 1986 (26 U.S.C. 2601 seq.) on the transfer of any interest in property from the estate of Louise H. Champneys to LeeAnn Bassett Helmick, Lynn Bassett Holland, and Louise Bassett Meyling. (b) EFFECTIVE DATE- subsection (a) shall apply to transfers occuring after November 15, 1989.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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