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S 1761 100th Congress Senate Taxation Agricultural economics Agriculture and Rural Affairs Domestic Relations and Families Estate tax Families Family farms Farm lands Farms Leases Valuation Widowers Widows

A bill to amend the Internal Revenue Code of 1986 to provide that a decedent's spouse may enter into a cash lease of farm and other real property with family members and still qualify for the special…

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A bill to amend the Internal Revenue Code of 1986 to provide that a decedent's spouse may enter into a cash lease of farm and other real property with family members and still qualify for the special estate tax valuation of the property.

Introduced: October 7, 1987 See on congress.gov
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This bill died when the 100th Congress ended
It never became law before the 100th Congress (1987–1988) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 7, 1987
Read twice and referred to the Committee on Finance.
Oct 7, 1987
Introduced in Senate
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code with respect to the valuation of farm land for estate tax purposes. Permits a decedent's spouse who acquires farm and other real property as a result of the decedent's death to enter into a cash lease of such property with a family member and still have the property valued under use value principles rather than according to its highest and best use.

Applies retroactively to leases for periods after December 31, 1976, of qualified real property of decedents dying after the same date.

What's happening now October 7, 1987

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Mar 2, 1988
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1761: A bill to amend the Internal Revenue Code of 1986 to provide that a decedent's spouse may enter into a cash lease of farm and other real property with family members and still qualify for the special estate tax valuation of the property.. 100th Congress. Open America. https://openamerica.io/bill/100-S-1761/
MLA
"S. 1761: A bill to amend the Internal Revenue Code of 1986 to provide that a decedent's spouse may enter into a cash lease of farm and other real property with family members and still qualify for the special estate tax valuation of the property.." 100th Congress, 2026, Open America, https://openamerica.io/bill/100-S-1761/.
Bluebook (legal)
S. 1761, 100th Cong. (2026), https://openamerica.io/bill/100-S-1761/.
Markdown link
[S. 1761: A bill to amend the Internal Revenue Code of 1986 to provide that a decedent's spouse may enter into a cash lease of farm and other real property with family members and still qualify for the special estate tax valuation of the property.](https://openamerica.io/bill/100-S-1761/)
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