Preserving Family Farms Act of 2021

United States117th CongressS-3077Senate
Updated: Oct 26, 2021

Summary

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.

Bill texts

Available versions
Introduced (Senate)View official text

1 version available

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Timeline

Latest companion bill action

HR-2370: Preserving Family Farms Act of 2021

Referred to the House Committee on Ways and Means.

  1. Read twice and referred to the Committee on Finance.

    Senate

  2. Introduced in Senate

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