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- S.3077
S.3077: Preserving Family Farms Act of 2021
About This Bill
- Introduced Oct. 26, 2021
- Latest Major Action Oct. 26, 2021
Bill Sponsor
Bill Version
- Introduced in Senate - Oct. 26, 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 |
---|---|
Oct. 26, 2021 |
Read twice and referred to the Committee on Finance.
|
Oct. 26, 2021 |
Introduced in the Senate by Catherine Cortez Masto (D-Nev.) |