Bill117th CongressFiled Oct 26, 2021Taxation
S. 3077
Preserving Family Farms Act of 2021
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Oct 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.
What just happenedOct 26, 2021
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Cortez Masto, Catherine [D-NV](D-NV)Sponsor
1committees2actions1related bills3subjects
- Introduced in SenateOct 26, 2021
- Oct 26, 2021IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Oct 26, 2021IntroReferral10000
Introduced in Senate