H.R.12: Family Farm Protection Act

About This Bill

Bill Summary

Family Farm Protection Act - Amends the Internal Revenue Code to exclude from the gross estate, for estate tax purposes, the value of certain land subject to a qualified conservation easement (reduced by the amount of any indebtedness secured by such land). Includes in the gross estate the value of each development right retained by the donor in the conveyance of the easement. Makes such tax due on a date certain after the disposition of such...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Ways and Means.
Jan. 4, 1995

Introduced in the House by Robert Smith Walker (R-Pa.)

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