HR 2497 · 106th Congress · Taxation
Open Space Preservation Act of 1999
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(1999-07-13)
Plain Language Summary
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Open Space Preservation Act of 1999 - 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
Cosponsors (18)
2 Democrats16 Republicans