US HB47 | 2013-2014 | 113th Congress

Status

Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on January 3 2013 - 25% progression, died in committee
Action: 2013-01-03 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Farmland Preservation and Land Conservation Act of 2013- Amends the Internal Revenue Code to allow an estate and gift tax exclusion for real property located in the United States which at the time of a decedent's death was being used as a farm for farming purposes or exclusively for conservation purposes. Imposes: (1) an additional estate or gift tax with respect to such property if an heir or donee disposes of or uses such property for other than farming or conservation purposes, and (2) a federal tax lien on such property until liability for estate or gift tax with respect to such property has been satisfied or has become unenforceable.

Tracking Information

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Title

Farmland Preservation and Land Conservation Act of 2013

Sponsors


History

DateChamberAction
2013-01-03HouseReferred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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