S 1045 · 102th Congress · Taxation
A bill to amend the Internal Revenue Code of 1986 to extend treatment of certain rents under section 2032A to lineal descendants.
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Subcommittee on Energy and Agricultural Taxation. Hearings held. Hearings printed: S.Hrg. 102-831.(1992-04-29)
Plain Language Summary
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Amends the Internal Revenue Code with respect to the valuation of farm land for estate tax purposes, permitting a surviving spouse or lineal descendant to enter into a cash lease of farm or other real property with a family member and still have the property valued under use value principles rather than according to its highest and best use.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (3)
1 Democrat2 Republicans