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Preserving Family Farms Act of 2019

USA116th CongressHR-5259| House 
| Updated: 11/22/2019
Jimmy Panetta

Jimmy Panetta

Democratic Representative

California

Cosponsors (9)
Darren Soto (Democratic)Lance Gooden (Republican)Jackie Walorski (Republican)Greg Gianforte (Republican)Paul Mitchell (Independent)Jodey C. Arrington (Republican)Henry Cuellar (Democratic)Vicky Hartzler (Republican)Scott R. Tipton (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Nov 22, 2019
Introduced in House
Nov 22, 2019
Referred to the House Committee on Ways and Means.
  • November 22, 2019
    Introduced in House


  • November 22, 2019
    Referred to the House Committee on Ways and Means.

Taxation

Related Bills

  • HR 116-4857: For the 99.8 Percent Act
  • S 116-309: For the 99.8 Percent Act
FarmlandTax administration and collection, taxpayersTransfer and inheritance taxes

Preserving Family Farms Act of 2019

USA116th CongressHR-5259| House 
| Updated: 11/22/2019
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Nov 22, 2019
Introduced in House
Nov 22, 2019
Referred to the House Committee on Ways and Means.
  • November 22, 2019
    Introduced in House


  • November 22, 2019
    Referred to the House Committee on Ways and Means.
Jimmy Panetta

Jimmy Panetta

Democratic Representative

California

Cosponsors (9)
Darren Soto (Democratic)Lance Gooden (Republican)Jackie Walorski (Republican)Greg Gianforte (Republican)Paul Mitchell (Independent)Jodey C. Arrington (Republican)Henry Cuellar (Democratic)Vicky Hartzler (Republican)Scott R. Tipton (Republican)

Ways and Means Committee

Taxation

Related Bills

  • HR 116-4857: For the 99.8 Percent Act
  • S 116-309: For the 99.8 Percent Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
FarmlandTax administration and collection, taxpayersTransfer and inheritance taxes