HR 2117 · 105th Congress · Taxation

Farm Preservation Act of 1997

Introduced 1997-07-08· Sponsored by Rep. Pitts, Joseph R. [R-PA-16]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1997-07-08)

Plain Language Summary

[AI summary unavailable — showing source text] Farm Preservation Act of 1997 - Amends the Internal Revenue Code to exclude from gross income the gain from the sale or exchange of farmland if there is a covenant prohibiting any use other than as farmland. Excludes from the gross estate the value of farmland if there is a covenant prohibiting any use other than as farmland.…

Summarized by Claude AI · Non-partisan · For informational purposes only