HR 1929
110th Congress
House
Taxation
Agriculture and Food
Estate tax
Families
Family farms
Farm lands
Land transfers
Public Lands and Natural Resources
Tax exclusion
Save the Family Farm and Ranch Act of 2007
Introduced: April 18, 2007
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 18, 2007
Referred to the House Committee on Ways and Means.
Apr 18, 2007
Introduced in House
Plain-English summary
Save the Family Farm and Ranch Act of 2007 - Amends the Internal Revenue Code to exclude from the gross estate of a decedent the value of farmland used by an heir of the decedent for farming purposes. Imposes a recapture tax on an heir who disposes of such farmland after the decedent's death or who ceases to use it for farming purposes.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1