Bill Summary & Status for the 106th Congress

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H.R.1278
Sponsor: Rep Smith, Adam (introduced 3/24/1999)
Latest Major Action: 3/24/1999 Referred to House committee
Title: To amend the Internal Revenue Code of 1986 to repeal the limitation on the estate tax deduction for family-owned business interests.
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TITLE(S):  (italics indicate a title for a portion of a bill)
STATUS: (color indicates Senate actions)
3/24/1999:
Referred to the House Committee on Ways and Means.
COMMITTEE(S):
RELATED BILL DETAILS:

***NONE***

AMENDMENT(S):

***NONE***

COSPONSORS(18), ALPHABETICAL [followed by Cosponsors withdrawn]:     (Sort: by date)

Rep Allen, Thomas H. - 5/16/2000 Rep Bereuter, Doug - 4/20/1999
Rep Bishop, Sanford D. Jr. - 4/22/1999 Rep Dooley, Calvin M. - 4/20/1999
Rep Evans, Lane - 7/29/1999 Rep Frost, Martin - 4/20/1999
Rep Gonzalez, Charles A. - 9/9/1999 Rep Hall, Tony P. - 4/28/1999
Rep Hill, Baron P. - 7/29/1999 Rep Hinojosa, Ruben - 4/28/1999
Rep Inslee, Jay - 4/29/1999 Rep LaHood, Ray - 4/22/1999
Rep Maloney, James H. - 4/20/1999 Rep Metcalf, Jack - 4/20/1999
Rep Phelps, David D. - 5/20/1999 Rep Sandlin, Max - 5/5/1999
Rep Shows, Ronnie - 4/20/1999 Rep Skelton, Ike - 4/28/1999

SUMMARY AS OF:
3/24/1999--Introduced.

Family-Owned Business Survival Act of 1999- Amends the Internal Revenue Code of 1986 to repeal the $675,000 limitation on the estate tax deduction for family-owned business interests.