US SB2209 | 2011-2012 | 112th Congress
Status
March 20 2012 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to allow decedent estates to base the value of qualified historic property on the net earnings of such property for estate and gift tax purposes. Defines "qualified historic property" as any building designated as a national historic landmark for at least 25 years prior to the death of a decedent and originally used for residential or farming purposes.
Title
A bill to amend the Internal Revenue Code of 1986 to provide that the value of certain historic property shall be determined using an income approach in determining the taxable estate of a decedent.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2012-03-20 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB5982 (Same As) 2012-06-20 - Referred to the House Committee on Ways and Means.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | http://thomas.loc.gov/cgi-bin/bdquery/z?d112:SN02209:@@@L&summ2=m& |
| Text | http://gpo.gov/fdsys/pkg/BILLS-112s2209is/pdf/BILLS-112s2209is.pdf |
