HR 5259 · 116th Congress · Taxation
Preserving Family Farms Act of 2019
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2019-11-22)
Plain Language Summary
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Preserving Family Farms Act of 2019 This bill amends the Internal Revenue Code to increase to $11.4 million (currently, $750,000) the limitation on the special use valuation for farmland or other trades or businesses for estate tax purposes. The increased amount is adjusted for inflation for estates of decedents dying after 2019.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (9)
2 Democrats7 Republicans