HR 173
111th Congress
House
Taxation
Farmland
Land transfers
Transfer and inheritance taxes
To amend the Internal Revenue Code of 1986 to exempt certain farmland from the estate tax.
Introduced: January 6, 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
Jan 6, 2009
Referred to the House Committee on Ways and Means.
Jan 6, 2009
Introduced in House
Plain-English summary
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
Cosponsors
1