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house Bill H.R. 173

To amend the Internal Revenue Code of 1986 to exempt certain farmland from the estate tax.

bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      Committee on Ways and Means
    IntroducedJanuary 6th, 2009

Bill Details

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Official Title

To amend the Internal Revenue Code of 1986 to exempt certain farmland from the estate tax.

Summary

Amends the Internal Revenue Code to exclude from the gross estate of a decedent the value of farmland used by an heir of the decedent for farming purposes. Imposes a recapture tax on an heir who disposes of such farmland after the decedent's death or who ceases to use it for farming purposes.

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