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]

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.

Tracking Information

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Title

Family Farm Preservation and Conservation Estate Tax Act

Sponsors


History

DateChamberAction
2011-01-20HouseReferred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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