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Measures to revise federal inheritancetax law, were dropped in the Congressional hopper, by Congressman J. Kenneth Robinson shortly before the current recess period began.
The Seventh District Congressman’s tax revision proposal would repeal the socalled carryover basis - provisions of a 1976 tax law.y According to Robinson, “last year, Congress wisely increased the farm estate tax exemption from $60,000 to $175,000. The old exemption figure had grown unrealistic
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