- Not enactedThe President has not signed this bill
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Committee on Ways and MeansIntroducedJanuary 6th, 2009
- house Committees
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To amend the Internal Revenue Code of 1986 to exempt certain farmland from the estate tax.
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.