HR 3524
111th Congress
House
Taxation
Contracts and agency
Farmland
Land transfers
Land use and conservation
Transfer and inheritance taxes
Family Farm Preservation and Conservation Estate Tax Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 31, 2009
Referred to the House Committee on Ways and Means.
Jul 31, 2009
Introduced in House
Plain-English summary
Family Farm Preservation and Conservation Estate Tax Act - Amends the Internal Revenue Code to: (1) exclude from the gross estate the value of property used by a decedent and the decedent's family as a farm for farming purposes and certain qualified conservation easements; and (2) impose a recapture tax if such farmland is sold outside the decedent's family or is no longer used for farming purposes or if a qualified conservation easement is likewise sold or used in violation of the terms of such easement.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1