HR 6439
112th Congress
House
Taxation
Accounting and auditing
Forests, forestry, trees
Inflation and prices
Transfer and inheritance taxes
Keep the Forest in the Family Estate Tax Act of 2012
Introduced: September 19, 2012
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 19, 2012
Referred to the House Committee on Ways and Means.
Sep 19, 2012
Introduced in House
Plain-English summary
Keep the Forest in the Family Estate Tax Act of 2012 - Amends the Internal Revenue Code to: (1) provide an exemption from the additional estate tax for the disposition or severance of standing timber on a qualified woodland for timber that is harvested consistent with a written forest management plan or under professional guidance, and (2) increase from $750,000 to $5 million the limitation on the reduction in the fair market value of real property used for farming or in another trade or business for estate tax purposes.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1