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- H.R.5259
H.R.5259: Preserving Family Farms Act of 2019
About This Bill
- Introduced Nov. 22, 2019
- Latest Major Action Nov. 22, 2019
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
9 (2 Democrats, 7 Republicans)
Bill Version
- Introduced in House - Nov. 22, 2019
Bill Summary
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.
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Nov. 22, 2019 |
Referred to the House Committee on Ways and Means.
|
Nov. 22, 2019 |
Introduced in the House by Jimmy Panetta (D-Calif.) |