US HB3524 | 2009-2010 | 111th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on July 31 2009 - 25% progression, died in committee
Action: 2009-07-31 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 31 2009 - 25% progression, died in committee
Action: 2009-07-31 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
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.
Title
Family Farm Preservation and Conservation Estate Tax Act
Sponsors
History
Date | Chamber | Action |
---|---|---|
2009-07-31 | Referred to the House Committee on Ways and Means. |
Same As/Similar To
HB173 (Related) 2009-01-06 - Referred to the House Committee on Ways and Means.
HB5475 (Related) 2010-06-07 - Referred to the Subcommittee on Health.
SB3664 (Related) 2010-07-28 - Read twice and referred to the Committee on Finance.
HB5475 (Related) 2010-06-07 - Referred to the Subcommittee on Health.
SB3664 (Related) 2010-07-28 - Read twice and referred to the Committee on Finance.
Subjects
Contracts and agency
Farmland
Land transfers
Land use and conservation
Taxation
Transfer and inheritance taxes
Farmland
Land transfers
Land use and conservation
Taxation
Transfer and inheritance taxes
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/111th-congress/house-bill/3524/all-info |
Text | https://www.congress.gov/111/bills/hr3524/BILLS-111hr3524ih.pdf |