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Preserving Family Farms Act of 2021

USA117th CongressS-3077| Senate 
| Updated: 10/26/2021
Catherine Cortez Masto

Catherine Cortez Masto

Democratic Senator

Nevada

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Preserving Family Farms Act of 2021 This bill increases to $11.7 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 2021.
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Timeline
Apr 5, 2021

Latest Companion Bill Action

HR 117-2370
Introduced in House
Oct 26, 2021
Introduced in Senate
Oct 26, 2021
Read twice and referred to the Committee on Finance.
  • April 5, 2021

    Latest Companion Bill Action

    HR 117-2370
    Introduced in House


  • October 26, 2021
    Introduced in Senate


  • October 26, 2021
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 117-2370: Preserving Family Farms Act of 2021
FarmlandTax administration and collection, taxpayersTransfer and inheritance taxes

Preserving Family Farms Act of 2021

USA117th CongressS-3077| Senate 
| Updated: 10/26/2021
Preserving Family Farms Act of 2021 This bill increases to $11.7 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 2021.
View Full Text

Suggested Questions

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

Timeline
Apr 5, 2021

Latest Companion Bill Action

HR 117-2370
Introduced in House
Oct 26, 2021
Introduced in Senate
Oct 26, 2021
Read twice and referred to the Committee on Finance.
  • April 5, 2021

    Latest Companion Bill Action

    HR 117-2370
    Introduced in House


  • October 26, 2021
    Introduced in Senate


  • October 26, 2021
    Read twice and referred to the Committee on Finance.
Catherine Cortez Masto

Catherine Cortez Masto

Democratic Senator

Nevada

Finance Committee

Taxation

Related Bills

  • HR 117-2370: Preserving Family Farms Act of 2021
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
FarmlandTax administration and collection, taxpayersTransfer and inheritance taxes