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- H.R.2370
H.R.2370: Preserving Family Farms Act of 2021
About This Bill
- Introduced April 5, 2021
- Latest Major Action April 5, 2021
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
8 (3 Democrats, 5 Republicans)
Bill Version
- Introduced in House - April 5, 2021
Bill Summary
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.
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
April 5, 2021 |
Referred to the House Committee on Ways and Means.
|
April 5, 2021 |
Introduced in the House by Jimmy Panetta (D-Calif.) |