HR 173 · 111th Congress · Taxation

To amend the Internal Revenue Code of 1986 to exempt certain farmland from the estate tax.

Introduced 2009-01-06· Sponsored by Rep. Salazar, John T. [D-CO-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2009-01-06)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude from the gross estate of a decedent the value of farmland used by an heir of the decedent for farming purposes. Imposes a recapture tax on an heir who disposes of such farmland after the decedent's death or who ceases to use it for farming purposes.…

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

Cosponsors (12)

10 Democrats2 Republicans
Rep. Markey, Betsy [D-CO-4]CO
Rep. Rodriguez, Ciro D. [D-TX-23]TX
Rep. Simpson, Michael K. [R-ID-2]ID
Rep. Donnelly, Joe [D-IN-2]IN
Rep. Childers, Travis [D-MS-1]MS
Rep. Hill, Baron P. [D-IN-9]IN
Rep. Ellsworth, Brad [D-IN-8]IN
Rep. Boswell, Leonard L. [D-IA-3]IA
Rep. Minnick, Walter [D-ID-1]ID
Rep. Kagen, Steve [D-WI-8]WI
Rep. Coffman, Mike [R-CO-6]CO
Rep. Barrow, John [D-GA-12]GA