Bill117th CongressFiled Apr 5, 2021Taxation
H.R. 2370
Preserving Family Farms Act of 2021
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Apr 5, 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.
What just happenedApr 5, 2021
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Panetta, Jimmy [D-CA-20](D-CA)Sponsor
8 cosponsors3 D5 R
8cosponsors1committees3actions1related bills3subjects
- Introduced in HouseApr 5, 2021
- Apr 5, 2021IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Apr 5, 2021IntroReferralIntro-H
Introduced in House
- Apr 5, 2021IntroReferral1000
Introduced in House