HR 658 · 109th Congress · Taxation
Family Farm Preservation Act of 2005
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2005-02-08)
Plain Language Summary
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Family Farm Preservation Act of 2005 - Amends the Internal Revenue Code to exclude from gross income gain from the sale or exchange of qualified farmland development rights to a tax-exempt conservation organization. Defines "qualified farmland development rights" as a restriction limiting farmland to use as a farm for farming purposes or for exclusively conservation purposes.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (9)
1 Democrat8 Republicans