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A constitutional amendment relating to the salaries of state government officials Failed 36,109 (34.38%) 68,912 (65.62%) Proposal 3 A constitutional amendment relating to equal suffrage for African-Americans Passed 54,105 (51.67%) 50,598 (48.33%) Proposal 4 A constitutional amendment relating to railroad rates: Passed 78,602 (60.46%) 51,397 (39 ...
Gifts above the annual exemption amount act to reduce the lifetime gift tax exclusion. [14] Congress initially passed the gift tax in 1932 at a much lower rate than the estate tax, a full 25% under the estate tax rate, while also providing a $50,000 exemption, separate from the $50,000 exemption under estate tax. [15]
The Supreme Court on Wednesday struck down part of a federal anti-corruption law that makes it a crime for state and local officials to take gifts valued at more than $5,000 from a donor who had ...
The 1963 Constitution requires that all permanent agencies or commissions, except universities, be assigned to one of a maximum of twenty principal departments. [1] The principal departments are the: [2] [3]
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For tax years 2018 and 2019, you may give someone cash or property valued at up to $15,000 without needing to fill out Form 709. The exclusion applies per person.
Michigan is largely divided in the same way as many other U.S. states, but is distinct in its usage of charter townships. Michigan ranks 13th among the 50 states in terms of the number of local governmental entities. The state is divided into 83 counties, and further divided into 1,240 townships, 276 cities, and 257 villages. Additionally, the ...
For example, gifts up to a certain value per year per recipient are subject to the annual exclusion. [7] In the United States for example the amount is $15,000. Not eligible for the annual exclusion are the gifts that allow the recipient unrestrained access only at a later date or a future interest and these are fully taxable. [8]