US HB4208 | 2009-2010 | 111th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on December 3 2009 - 25% progression, died in committee
Action: 2009-12-03 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on December 3 2009 - 25% progression, died in committee
Action: 2009-12-03 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to: (1) increase to $3.5 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; and (2) allow an annual inflation adjustment to the limitation amount after 2010.
Title
To amend the Internal Revenue Code of 1986 to increase the limitation on the reduction in fair market value of real property used for farming, or in another trade or business, for purposes of estate taxes.
Sponsors
| Rep. Thomas Perriello [D-VA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2009-12-03 | Referred to the House Committee on Ways and Means. |
Subjects
Farmland
General business and commerce matters
Inflation and prices
Taxation
Transfer and inheritance taxes
General business and commerce matters
Inflation and prices
Taxation
Transfer and inheritance taxes
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/111th-congress/house-bill/4208/all-info |
| Text | https://www.congress.gov/111/bills/hr4208/BILLS-111hr4208ih.pdf |
