HR 2370 · 117th Congress · Taxation

Preserving Family Farms Act of 2021

Introduced 2021-04-05· Sponsored by Rep. Panetta, Jimmy [D-CA-20]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2021-04-05)

Plain Language Summary

[AI summary unavailable — showing source text] Preserving Family Farms Act of 2021 This bill increases to $11.7 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 2021.…

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

Cosponsors (8)

3 Democrats5 Republicans
Rep. Walorski, Jackie [R-IN-2]IN
Rep. Cuellar, Henry [D-TX-28]TX
Rep. Arrington, Jodey C. [R-TX-19]TX
Rep. Soto, Darren [D-FL-9]FL
Rep. Sewell, Terri A. [D-AL-7]AL
Rep. LaMalfa, Doug [R-CA-1]CA
Rep. Steil, Bryan [R-WI-1]WI
Rep. Gooden, Lance [R-TX-5]TX