Preserving Family Farms Act of 2019

United States116th CongressHR-5259House of Representatives
Latest legislative activity: Nov 22, 2019

Summary

Official Summary

Preserving Family Farms Act of 2019

This bill amends the Internal Revenue Code to increase to $11.4 million (currently, $750,000) the limitation on the special use valuation for farmland or other trades or businesses for estate tax purposes. The increased amount is adjusted for inflation for estates of decedents dying after 2019.

Bill texts

Available versions
Introduced (House)View official text

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Timeline

  1. Referred to the House Committee on Ways and Means.

    House of Representatives

  2. Introduced in House

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