HR 2497 · 106th Congress · Taxation

Open Space Preservation Act of 1999

Introduced 1999-07-13· 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.(1999-07-13)

Plain Language Summary

[AI summary unavailable — showing source text] 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