HR 5475
111th Congress
House
Taxation
Contracts and agency
Farmland
Land transfers
Land use and conservation
Transfer and inheritance taxes
Family Farm Estate Tax Relief Act of 2010
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 7, 2010
Referred to the Subcommittee on Health.
May 28, 2010
Referred to the House Committee on Ways and Means.
May 28, 2010
Introduced in House
Plain-English summary
Family Farm Estate Tax Relief Act of 2010 - Amends the Internal Revenue Code to: (1) exclude from the value of a decedent's gross estate farmland used by an heir for farming purposes; (2) impose a recapture tax on an heir who disposes of such farmland after the decedent's death or who ceases to use such farmland for farming purposes; and (3) increase the limitation on the estate tax exclusion for land subject to a qualified conservation easement to $5 million and the percentage of the value of such land that is excludable.
What's happening now
Referred to the Subcommittee on Health.
Committees of jurisdiction
2