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- H.R.195
H.R.195: American Farm and Ranch Protection Act of 1997
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about taxation
- Introduced Jan. 7, 1997
- Latest Major Action Jan. 7, 1997
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
37 (14 Democrats, 24 Republicans)
Bill Summary
American Farm and Ranch Protection Act of 1997 - Amends the Internal Revenue Code to exclude from the gross estate, if elected by the executor, the value of land subject to a qualified conservation easement, except for any debt-financed portion. Provides for the treatment of any retained development right. Adds references to such property to provisions controlling the basis of property acquired from a decedent. Prohibits treating the transfer...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| Jan. 7, 1997 |
Introduced in the House by Amory Houghton (R-N.Y.) |