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  • Not enacted
    The President has not signed this bill
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      house Committees
      House Committee on Ways and Means
      Health
    IntroducedMay 28th, 2010

Bill Details

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Title

Family Farm Estate Tax Relief Act of 2010

Official Title

To amend the Internal Revenue Code of 1986 to exempt certain farmland from the estate tax, and for other purposes.

Summary

Family Farm Estate Tax Relief Act of 2010 - Amends the Internal Revenue Code to: (1) exclude from the value of a decedent's gross estate farmland used by an heir for farming purposes; (2) impose a recapture tax on an heir who disposes of such farmland after the decedent's death or who ceases to use such farmland for farming purposes; and (3) increase the limitation on the estate tax exclusion for land subject to a qualified conservation easement to $5 million and the percentage of the value of such land that is excludable.

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