HR 4721
108th Congress
House
Taxation
Agriculture and Food
Conservation easements
Environmental Protection
Estate tax
Families
Family farms
Farm lands
Public Lands and Natural Resources
Tax exclusion
Estate Tax Deferral for Working Farms and Land Conservation Act of 2004
Introduced: June 25, 2004
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 25, 2004
Referred to the House Committee on Ways and Means.
Jun 25, 2004
Introduced in House
Plain-English summary
Estate Tax Deferral for Working Farms and Land Conservation Act of 2004 - Amends the Internal Revenue Code to exclude property used by a decedent's heir as farmland from the gross income of the decedent's estate. Imposes an additional estate tax if the decedent's heir disposes of such farmland or ceases to use it for farming purposes. Repeals the $500,000 limitation on the estate tax exclusion for land subject to a qualified conservation easement.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1