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]
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.
Title
Farmland Preservation and Land Conservation Act of 2013
Sponsors
Rep. Timothy Bishop [D-NY] | Rep. Richard Hanna [R-NY] | Rep. Patrick Murphy [D-FL] |
History
Date | Chamber | Action |
---|---|---|
2013-01-03 | House | Referred to the House Committee on Ways and Means. |
Subjects
Farmland
Land transfers
Land use and conservation
Tax administration and collection, taxpayers
Taxation
Transfer and inheritance taxes
Land transfers
Land use and conservation
Tax administration and collection, taxpayers
Taxation
Transfer and inheritance taxes
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/113th-congress/house-bill/47/all-info |
Text | https://www.congress.gov/113/bills/hr47/BILLS-113hr47ih.pdf |