Bill116th CongressFiled Nov 22, 2019Taxation
H.R. 5259
Preserving Family Farms Act of 2019
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Nov 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.
What just happenedNov 22, 2019
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Panetta, Jimmy [D-CA-20](D-CA)Sponsor
9 cosponsors2 D7 R
9cosponsors1committees3actions2related bills3subjects
- Introduced in HouseNov 22, 2019
- Nov 22, 2019IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Nov 22, 2019IntroReferralIntro-H
Introduced in House
- Nov 22, 2019IntroReferral1000
Introduced in House