PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Committee on Finance.
Congressional Research Service
Version 00 · Introduced in Senate · Jan 7, 2003
Estate Tax Repeal Acceleration (ExTRA) for Family-Owned Businesses and Farms Act - Amends estate tax provisions of the Internal Revenue Code to repeal section 2057 (Family-Owned Business Interests). Allows for purposes of such tax, in the case of an electing estate of a decedent with specified carryover business interests, the taxable estate value to be determined by deducting from the value of the gross estate the adjusted value of such carryover business interests of the decedent. Provides for the treatment of carryover business interests and spousal property.
People & committees
Sen. Lincoln, Blanche L. [D-AR] · D–AR
Legislative record
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Referred to the Committee on Finance.
Introduced in Senate
Primary sources
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Source last updated: Aug 18, 2025. Consult Congress.gov for the current record.
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