HR 1447
111th Congress
House
Taxation
Agricultural conservation and pollution
Capital gains tax
Farmland
Income tax exclusion
Land transfers
Land use and conservation
Social work, volunteer service, charitable organizations
Family Farm Preservation Act of 2009
Introduced: March 11, 2009
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 11, 2009
Referred to the House Committee on Ways and Means.
Mar 11, 2009
Introduced in House
Plain-English summary
Family Farm Preservation Act of 2009 - Amends the Internal Revenue Code to exclude from gross income gain from the sale or exchange of qualified farmland development rights to a tax-exempt conservation organization. Defines "qualified farmland development rights" as a restriction limiting farmland to use as a farm for farming purposes or for exclusively conservation purposes.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1