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HR 5469 102th Congress House

Open Space Preservation Act of 1992

Official title: To amend the Internal Revenue Code of 1986 to exclude from the gross estate the value of land subject to a qualified conservation easement if certain condition… Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to exclude from the gross estate the value of land subject to a qualified conservation easement if certain conditions are satisfied and to defer some of the scheduled reduction in estate tax rates.

Introduced: June 23, 1992 See on congress.gov
Taxation Conservation of natural resourcesDevelopment rights transferEasementsEnvironmental Protection
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Estate taxGift taxTax exclusionTax rates
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This bill died when the 102nd Congress ended
It never became law before the 102nd Congress (1991–1992) 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
Jun 23, 1992
Referred to the House Committee on Ways and Means.
Jun 23, 1992
Introduced in House
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 Latest action June 23, 1992

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Open Space Preservation Act of 1992 - Amends the Internal Revenue Code to exclude from the gross estate tax the value of land subject to a qualified conservation easement (less the amount of any indebtedness secured by such land). Includes in the gross estate tax the value of each development right retained by the donor in the conveyance of the easement. Makes such tax due upon the disposition of the property. Provides that such land subject to the exclusion will have a carryover basis for purposes of determining gain or loss.

Excludes from the gift tax transfers by gift of land subject to a conservation easement (other than development rights retained by the donor of such easement).

Defers the reduction in certain estate tax rates after 1993 and before 1998.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Independent 1
D
Norton, Eleanor Holmes
District of Columbia · Jun 23, 1992
 I
Sanders, Bernard
Vermont · Jun 23, 1992
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5469: Open Space Preservation Act of 1992. 102nd Congress. Open America. https://openamerica.io/bill/102-HR-5469/
MLA
"H.R. 5469: Open Space Preservation Act of 1992." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-HR-5469/.
Bluebook (legal)
H.R. 5469, 102nd Cong. (2026), https://openamerica.io/bill/102-HR-5469/.
Markdown link
[H.R. 5469: Open Space Preservation Act of 1992](https://openamerica.io/bill/102-HR-5469/)
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