US HB390 | 2011-2012 | 112th Congress
Status
Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: Introduced on January 20 2011 - 25% progression, died in committee
Action: 2011-01-20 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 20 2011 - 25% progression, died in committee
Action: 2011-01-20 - 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
Rep. Mike Thompson [D-CA] | Rep. Ron Barber [D-AZ] | Rep. Jaime Herrera Beutler [R-WA] | Rep. Jerry McNerney [D-CA] |
Rep. Lynn Woolsey [D-CA] |
History
Date | Chamber | Action |
---|---|---|
2011-01-20 | House | Referred to the House Committee on Ways and Means. |
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/112th-congress/house-bill/390/all-info |
Text | https://www.congress.gov/112/bills/hr390/BILLS-112hr390ih.pdf |